Joseph Schumpeter
Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian political economist. He served briefly as Finance Minister of Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.
Joseph Schumpeter | |
|---|---|
| Born | February 8, 1883 |
| Died | January 8, 1950 (aged 66) |
| Nationality | Austrian |
| Citizenship | Austria United States |
| Education | University of Vienna (PhD, 1906) |
| Academic career | |
| Institution | Harvard University, 1932–50 University of Bonn, 1925–32 Biedermann Bank, 1921–24 Columbia University, 1913-1914 University of Graz, 1912–14 University of Czernowitz, 1909–11 |
| Field | Economics Econometrics Political economy History of economic thought |
| School or tradition | Austrian school of economics Lausanne School |
| Doctoral advisor | Eugen Böhm von Bawerk |
| Doctoral students | Ferdinand A. Hermens Paul Samuelson James Tobin Anne Carter |
| Other notable students | Nicholas Georgescu-Roegen Paul Sweezy Hyman Minsky |
| Influences | Bastiat · Walras · Schmoller · Pareto · Smith • Marx • Keynes • Menger · Weber · Sombart |
| Contributions | Business cycles Creative destruction Economic development Entrepreneurship Evolutionary economics |
| Part of a series on |
| Capitalism |
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Schumpeter was one of the most influential economists of the early 20th century, and popularized the term "creative destruction", coined by Werner Sombart.
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