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The Fraser Institute, Essential Joseph Schumpeter: Who was Joseph Schumpeter?

Essential Joseph Schumpeter: Who was Joseph Schumpeter?

Welcome to the essential ideas of Joseph Schumpeter. Joseph Schumpeter is one of

the most accomplished economist of the 20th century. He popularized the phrase

"creative destruction", to describe the entrepreneurial process. Born in 1883 in

Triesch - a small town south of Prague - in what is now the Czech Republic, he lost

his father at a young age. In 1901, Schumpeter entered the University of Vienna,

and after graduating in 1906, began working as a lawyer in Cairo. However he

returned to the University of Vienna in 1908 to obtain his PhD in Economics.

While working at the University of Czernowitz he wrote The Theory of Economic Development

in which he introduced the entrepreneur and innovation in

explaining economic progress. The book catapulted him to prominence in

fundamentally challenging the status quo thinking about economic progress. His

path to academic prominence was not a traditional, straight line. He worked in

the government sector and in 1919 was appointed the Minister of Finance for

the Austrian government. After leaving government he entered the private sector,

becoming chairman and president of the Biedermann Bank, in Vienna in this role Schumpeter

had amassed a significant fortune, which was subsequently lost in the

Vienna stock market crash of 1924. These experiences influenced

his later academic work. Returning to research and teaching in the early 1930s,

he split his time between the University of Bonn in Germany and Harvard

University in Massachusetts. In 1942 his most popular book, Capitalism, Socialism,

and Democracy, was published. It encapsulated his major ideas about the

role of the entrepreneur and innovation in driving economic progress.

Three years before his death in 1950 Schumpeter received the honor of being

elected president of the American Economics Association. Based on his

experience working in government, the private sector and the academy, Joseph

Schumpeter fundamentally influenced the way economists think about

entrepreneurship innovation and economic progress. For more information on Joseph

Schumpeter, visit essentialschumpeter.org and to learn about more essential

scholars visit essentialscholars.org


Essential Joseph Schumpeter: Who was Joseph Schumpeter? Essential Joseph Schumpeter: Who was Joseph Schumpeter?

Welcome to the essential ideas of Joseph Schumpeter. Joseph Schumpeter is one of

the most accomplished economist of the 20th century. He popularized the phrase o economista mais talentoso do século XX. Ele popularizou a frase

"creative destruction", to describe the entrepreneurial process. Born in 1883 in "destruição criativa", para descrever o processo empreendedor. Nasceu em 1883 em

Triesch - a small town south of Prague - in what is now the Czech Republic, he lost Triesch - uma pequena cidade ao sul de Praga - onde hoje é a República Tcheca, ele perdeu

his father at a young age. In 1901, Schumpeter entered the University of Vienna, seu pai em tenra idade. Em 1901, Schumpeter ingressou na Universidade de Viena,

and after graduating in 1906, began working as a lawyer in Cairo. However he e depois de se formar em 1906, começou a trabalhar como advogado no Cairo. No entanto, ele

returned to the University of Vienna in 1908 to obtain his PhD in Economics. retornou à Universidade de Viena em 1908 para obter seu PhD em Economia.

While working at the University of Czernowitz he wrote The Theory of Economic Development Enquanto trabalhava na Universidade de Czernowitz, ele escreveu The Theory of Economic Development

in which he introduced the entrepreneur and innovation in em que apresentou o empreendedor e a inovação no

explaining economic progress. The book catapulted him to prominence in explicar o progresso econômico. O livro o catapultou para a proeminência

fundamentally challenging the status quo thinking about economic progress. His desafiando fundamentalmente o pensamento do status quo sobre o progresso econômico. Dele

path to academic prominence was not a traditional, straight line. He worked in caminho para a proeminência acadêmica não era uma linha reta tradicional. Ele trabalhou em

the government sector and in 1919 was appointed the Minister of Finance for setor governamental e em 1919 foi nomeado Ministro das Finanças para

the Austrian government. After leaving government he entered the private sector, o governo austríaco. Depois de deixar o governo, ingressou no setor privado,

becoming chairman and president of the Biedermann Bank, in Vienna in this role Schumpeter tornando-se presidente e presidente do Biedermann Bank, em Viena nesta função Schumpeter

had amassed a significant fortune, which was subsequently lost in the havia acumulado uma fortuna significativa, que foi posteriormente perdida no

Vienna stock market crash of 1924. These experiences influenced Quebra da bolsa de Viena em 1924. Essas experiências influenciaram

his later academic work. Returning to research and teaching in the early 1930s, seu trabalho acadêmico posterior. Voltando à pesquisa e ao ensino no início da década de 1930,

he split his time between the University of Bonn in Germany and Harvard ele dividiu seu tempo entre a Universidade de Bonn, na Alemanha, e Harvard

University in Massachusetts. In 1942 his most popular book, Capitalism, Socialism,

and Democracy, was published. It encapsulated his major ideas about the e Democracia, foi publicado. Ele encapsulava suas principais ideias sobre o

role of the entrepreneur and innovation in driving economic progress. papel do empreendedor e da inovação na condução do progresso econômico.

Three years before his death in 1950 Schumpeter received the honor of being Três anos antes de sua morte em 1950, Schumpeter recebeu a honra de ser

elected president of the American Economics Association. Based on his eleito presidente da American Economics Association. Baseado em seu

experience working in government, the private sector and the academy, Joseph experiência trabalhando no governo, no setor privado e na academia, Joseph

Schumpeter fundamentally influenced the way economists think about Schumpeter influenciou fundamentalmente a maneira como os economistas pensam sobre

entrepreneurship innovation and economic progress. For more information on Joseph empreendedorismo, inovação e progresso econômico. Para mais informações sobre José

Schumpeter, visit essentialschumpeter.org and to learn about more essential

scholars visit essentialscholars.org estudiosos visitam essentialscholars.org