Joseph Schumpeter
Joseph Schumpeter was an influential Austrian economist known for his theories on capitalism, innovation, and entrepreneurship. His most notable concept, 'creative destruction,' describes the process by which new innovations replace outdated industries, driving economic growth and societal progress. Schumpeter's work, particularly in his book 'Capitalism, Socialism and Democracy,' published in 1942, has had a lasting impact on economic thought, highlighting the dynamic nature of economies and the importance of entrepreneurship in fostering change.
Born on Feb 08, 1883 (142 years old)
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Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| Liechtenstein | 1 | 9.00 | 0.04% | +0% | 38,137 | 14 | $6,900 | 3$ |
| Dominican Republic | 1 | 6.00 | 0.07% | +0% | 10,847,910 | 7,400 | $89,000 | 61$ |
| United States | 1 | 6.00 | 0.02% | +0% | 331,002,651 | 60,857 | $21,000,000 | 3,861$ |
| Pakistan | 1 | 7.00 | 0.03% | +0% | 220,892,331 | 71,695 | $280,000 | 91$ |
| Tunisia | 1 | 7.00 | 0.10% | +0% | 11,818,619 | 11,234 | $45,000 | 43$ |
| Totals | 5 | 574,599,648 | 151,200 | $21,420,900 | 4,059$ |
Interactive World Map
Each country's color is based on "Mentions" from the table above.
Recent Mentions
Pakistan:
Joseph Schumpeter played a key role in popularizing the concept of entrepreneurs having unique personal characteristics.
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United States:
Joseph Schumpeter helped popularize the idea that entrepreneurs possessed a special set of personality traits.
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Tunisia:
Joseph Schumpeter was an Austrian economist known for his theories on innovation and economic development.
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Dominican Republic:
Joseph Schumpeter's theory of 'creative destruction' was referenced in relation to the impact of automation on the workforce.
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Liechtenstein:
Joseph Schumpeter coined the term 'creative destruction' in his book 'Capitalism, Socialism and Democracy'.
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