Abstract
This article on Joseph Alois Schumpeter depicts him as a visionary and as one of the greatest figures in the history of economics. Both his life and his work are described and discussed. His life has not been without disaster and turmoil, and his work on methodology, economic development, innovation, capitalism, socialism and democracy not without originality, antagonism and independence. Above all, his major work on the history of economics is a lasting monument for all students of the emergence and ups and downs of new ideas in a major field of social analysis.
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Heertje, A. (2018). Schumpeter, Joseph Alois (1883–1950). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1704
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1704
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