What does schumpeterian mean?
Definitions for schumpeterian
schum·pete·ri·an
This dictionary definitions page includes all the possible meanings, example usage and translations of the word schumpeterian.
Wiktionary
Schumpeterianadjective
Of or pertaining to the economist Joseph Alois Schumpeter (1883-1950).
Wikipedia
Schumpeterian
Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian-born political economist. He served briefly as Finance Minister of German-Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship. Schumpeter was one of the most influential economists of the early 20th century, and popularized the term "creative destruction", which was coined by Werner Sombart.
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schumpeterian
Schumpeterian, also known as Schumpeterian economics, refers to a theory developed by Austrian economist Joseph Schumpeter. It focuses on the role of innovation, entrepreneurship, and creative destruction in driving economic growth and development. Schumpeterian economics emphasizes the importance of disruptive innovations, market competition, and the dynamic nature of economic systems. It suggests that a key driving force behind economic progress is not solely technological advancements, but also the process of entrepreneurs introducing new products, processes, and business models that challenge established industries and markets. The Schumpeterian approach highlights the significance of entrepreneurial activities, such as product innovation, providing an alternative perspective to the traditional neoclassical economic theories.
Numerology
Chaldean Numerology
The numerical value of schumpeterian in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of schumpeterian in Pythagorean Numerology is: 8
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"schumpeterian." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/schumpeterian>.
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