Joseph Alois Schumpeter was an economist and a sociologist. He lived during the early 1900's, and had many books published in his lifetime. He was particularly well known for three works: The Theory of Economic Development (1912), Business cycles (1939) and Capitalism, Socialism, and Democracy (1942). He generally wrote from a socialist perspective but did not hesitate to acknowledge the positive aspects of all economic systems. The Theory of Economic Development stated that entrepreneurs will eventually become obsolete …showed first 75 words of 888 total…

…showed last 75 words of 888 total…published in German, 1912 5)Schumpeter, Joseph A. 1942. Capitalism, Socialism, and Democracy. New York: Harper and Brothers. (Harper Colophon edition, 1976.) 6)http://www.econlib.org/library/Enc/bios/Schumpeter.html, 2003 'The father of creative destruction' (online), 2002, 7)http://www.wired.com/wired/archive/10.03/schumpeter.html?pg=1 8)Denison, D.C. 2001, Article from the Boston Globe newspaper, http://web.mit.edu/skaplan/www/bostonglobe-cd-072001.html 9)McMinn, David. 1999, 'Business cycles & the number 56' (online) http://www.davidmcminn.com/pages/bcnum56.htm