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Joseph Schumpeter

Published on Nov 18, 2015

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JOSEPH SCHUMPETER

  • He was one of the most influential economists of the 20th century
  • Schumpeter popularized the term "creative destruction" in economics
  • Became known for his theories of capitalist development and the business cycle
  • "Economic progress, in capitalist society, means turmoil."
  • American economist and political scientist

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