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Definitions from WordNet
Noun joseph alois schumpeter has 1 sense
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Definitions from the WebJoseph Alois SchumpeterDescriptionJoseph Alois Schumpeter was an Austrian-born economist and political scientist. He is considered one of the most influential economists of the 20th century, known for his theories on economic development, entrepreneurship, and innovation. Sample SentencesSchumpeter's concept of "creative destruction" suggests that innovation and entrepreneurship are the driving forces behind long-term economic growth. In his book "Capitalism, Socialism and Democracy," Schumpeter discusses the cyclical nature of capitalist economies. Schumpeter's ideas on the role of entrepreneurs in economic development have greatly influenced modern economics. Many economists have studied and expanded upon Schumpeter's theories to understand the dynamics of innovation-led growth. Related Products | ||||
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