Joseph Schumpeter
Schumpeter's concept of 'creative destruction' captured the dynamic, disruptive character of capitalist innovation. Capitalism, Socialism and Democracy is one of the greatest works of 20th-century political economy.
Works
- Capitalism, Socialism and DemocracyAnalysis of capitalism's contradictions and threat from socialism and democracy
- The Theory of Economic DevelopmentTheory of innovation, entrepreneurship, and economic development cycles
- Business CyclesStudy of economic cycles, crises, and fluctuations in capitalist systems
- History of Economic AnalysisComprehensive historical survey of economic thought and analysis