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Schumpeter

American  
[shoom-pey-ter] / ˈʃʊm peɪ tər /

noun

  1. Joseph Alois 1883–1950, U.S. economist, born in Austria.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Societal gains from technological change come from what the economist Joseph Schumpeter called “the wave of creative destruction.”

From The Wall Street Journal • Feb. 5, 2026

Within a year of each other, Joseph Schumpeter coined the term "Ricardian vice," which you mentioned earlier, and Milton Friedman launched his campaign to revive it as a cardinal virtue.

From Salon • Feb. 1, 2025

This is a great example of what the Austrian economist Joseph Schumpeter called “creative destruction.”

From Los Angeles Times • Sep. 27, 2024

Carter traces the splintering of Keynes’s intellectual legacy and the neoliberal backlash of Joseph Schumpeter and Friedrich Hayek.

From New York Times • May 20, 2020

In the one form in which the utility theory avoids a circle,—that presented by Schumpeter, and discussed in an earlier part of this chapter—it is not a causal theory.

From The Value of Money by Anderson, Benjamin M.