Schumpeter, Joseph

February 2004
Essential Economics;2004, p235
Reference Entry
The article profiles Joseph Schumpeter, an economist from Austria and an influential political scientist. He worked as an itinerant lawyer and became an academic in 1909. Schumpeter was appointed Austrian minister of finance in 1919, presiding over a period of hyperinflation. He was the first scholar to develop the theories of entrepreneurship.


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