Was Joseph Schumpeter A Socialist?
Was Joseph Schumpeter A Socialist? Joseph Alois Schumpeter (1883-1950) was an Austrian-trained economist, economic historian, and author. He is regarded as one of the 20th century’s greatest intellectuals. … For Schumpeter, the entrepreneur was the cornerstone of capitalism—the source of innovation, which is the vital force driving a capitalist economy. What is Schumpeter’s theory? An