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Joseph Schumpeter
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Joseph Alois Schumpeter (1883-1950) was an American economist and sociologist, born in Austria. Short Biography:
In Capitalism, Socalism and Democracy in 1942 he contended that Western capitalism, impelled by its very success, was evolving into a form of socialism because firms would become increasingly large and their managements increasingly divorced from ownership, while social trends were undermining the traditional motives for entrepreneurial accumulation of wealth.
Why is Joseph Schumpeter famous?
Joseph Schumpeter was an Austrian-born American economist and political scientist.
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Tags: economist, scientist, sociologist, capitalism |
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Category: Others - ( Others Archive)
Date Added: 15 June '12
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