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Joseph Schumpeter


Joseph Schumpeter (1883-1950) was an Austrian-born economist.
He was
educated in Austria, taught in several European Universities and then emigrated
to the U.S. and taught at Harvard University.
Joseph Schumpeter focused his studies on the role of the entrepreneur in the
economy.
He believed that innovation driven by individual and business
entrepreneurs created gales of “creative destruction that spurred on economic
growth.
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