Joseph Alois Schumpeter was an Austrian-born American economist and political scientist. 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. Wikipedia
Born: February 8, 1883, Třešť, Czech Republic
Died: January 8, 1950, Taconic, CT
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
Economic progress, in capitalist society, means turmoil.
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unres
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