Joseph Schumpeter Quotes
Innovations are changes which cannot be decomposed into infinitessimal steps.
Topics
Change
Revolution, Rebellions, Revolutionaries, Rebels
Innovation, Innovations
Disruption
Steps
Transformation
Breakthrough
Radical Change
Disruptive Innovation
Incremental Innovation
Innovation Management
Innovation Process
Innovation Strategy
Organizational Innovation
Paradigm Shift
Radical Innovation
Technological Innovation
breakthrough innovation
Citations
Schumpeter, Joseph A. Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process. Vol. 1, McGraw-Hill, 1939.
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Joseph Aloïs Schumpeter was an Austrian political economist. Born in Moravia, he briefly served as Finance Minister of Austria in 1919. In 1932, he became a professor at Harvard University where he remained until the end of his career, eventually obtaining U.S. citizenship. One of the most influential economists of the 20th century, Schumpeter popularized the term "creative destruction" in economics.