Joseph A. Schumpeter Quote

Our poverty will be brought home to us to its full extent only after the war.

Joseph A. Schumpeter

Our poverty will be brought home to us to its full extent only after the war.

Tags: home, war

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About Joseph A. Schumpeter

Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian political economist. He served briefly as Finance Minister of Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.
Schumpeter was one of the most influential economists of the early 20th century, and popularized creative destruction, a term coined by Werner Sombart. His magnum opus is considered Capitalism, Socialism and Democracy.