Joseph Schumpeter

Austrian-American economist and political scientist. He briefly served as Finance Minister of Austria in 1919. In 1932 he became a professor at Harvard University where he remained until the end of his career. One of the most influential economists of the 20th century, Schumpeter popularized the term "creative destruction" in economics.

About Capitalism

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Economics, Labor

Capitalist evolution produces a labor movement which obviously is not the creation of the intellectual group.