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Schumpeter

American  
[shoom-pey-ter] / ˈʃʊm peɪ tər /

noun

  1. Joseph Alois 1883–1950, U.S. economist, born in Austria.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Societal gains from technological change come from what the economist Joseph Schumpeter called “the wave of creative destruction.”

From The Wall Street Journal

“Schumpeter’s line on creative destruction is tremendously important,” Mr. Rees-Mogg says, “but it’s not mindless destruction.”

From The Wall Street Journal

Within a year of each other, Joseph Schumpeter coined the term "Ricardian vice," which you mentioned earlier, and Milton Friedman launched his campaign to revive it as a cardinal virtue.

From Salon

This is a great example of what the Austrian economist Joseph Schumpeter called “creative destruction.”

From Los Angeles Times

The Economist’s “Schumpeter” columnist notes that sanctimony accompanies such “financial do-goodery.”

From Washington Post