Joseph Alois Schumpeter (1883-1950) was an Austrian economist who advocated the view that business cycles are an integral part of the process of economic development in a capitalist economy. Joseph Schumpeter was born in Triesch in Moravia (now...

Joseph Alois Schumpeter (1883–1950) was born and educated in Vienna, later emigrating to the USA, in 1932, to take up a professorship at Harvard. His principal academic discipline was as an economist, in which role he gained great prestige, but...

A leading US economist who was educated at Vienna University where he was a pupil of BöHM-BAWERK, without becoming a wholehearted convert to the AUSTRIAN SCHOOL. He held chairs at the Universities of Czernowitz and Graz from 1911 to 1918, was...

Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was a Moravian born economist and political scientist. He was one of the most influential economists of the 20th...

Megalomaniacal Blackstone Group C.E.O. Stephen Schwarzman didn’t show up for his buyout firm’s big debut at the New York Stock Exchange on Friday. So TV crews covering Blackstone’s highly ballyhooed initial public offering of $4 billion in stock had to point their cameras at someone...

A fortnight ago, the Federal Reserve raised its base rate for the 17th time in two years, to 5.25 percent. The purpose of the hike was to fight inflation, classically defined as too much money chasing too few goods. Higher interest rates are thought to...

A fortnight ago, the Federal Reserve raised its base rate for the 17th time in two years, to 5.25 percent. The purpose of the hike was to fight inflation, classically defined as too much money chasing too few goods. Higher interest rates are thought to...