Prophet of Innovation: Joseph Schumpeter and Creative Destruction
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Joseph Schumpeter(1883-1950)was a central European economist who spent the last eighteen years of his life at Harvard University. He was born in the Austro-Hungarian empire, in what is now Czechloslovakia to German-speaking parents (his father's family had lived in the area for centuries), but after his father died when he was four his mother moved to Austria and made sure he received an elite education. His degree from the University of Vienna was actually in law, but the topic in that time an...more
Schumpeter's academically active life spans the first part of the 20th century. As a resident of Vienna, Bonn and Boston, he had first hand experiences of WW 1, the great depression and WW 2. Besides the history of Schumpeter's life, the book gives several interesting insights int...more