Schumpeter, Joseph Alois
Encyclopedia article; The Columbia Encyclopedia, Sixth Edition, 2009
SCHUMPETER, JOSEPH ALOIS yo zef a loes shoom pa t r, 1883 1950, Austrian-American economist, LL.D. Univ. of Vienna, 1906. He...Harvard. He served (1919 20) as Austrian minister of finance. His major contributions to economics were the theory of the entrepreneur as the dynamic factor in fostering the business cycle and the theory of economic development of capitalism. His most...