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Financial Dictionary

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Atlantic Financial


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Investment Word

Joseph Schumpeter

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Joseph Schumpeter (1883-1950) was an Austrian-born economist.
He was educated in Austria, taught in several European Universities and then emigrated to the U.S. and taught at Harvard University.
Joseph Schumpeter focused his studies on the role of the entrepreneur in the economy.
He believed that innovation driven by individual and business entrepreneurs created gales of “creative destruction that spurred on economic growth.

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