author of "The Theory of Capitalist Development," assert that capitalism has shown increasing stability and violent fluctuations. Schumpeter's rebuttal channeled the argument into the historical ...

Active professionally to the time of his death, Schumpeter this fall gave two courses in the University: Advanced Economic Theory, and Business Cycles and Economic Forecasting. Following the ...

This theory has upsides and downsides in relation to technology, as well as economic repercussions. Creative destruction is an economic concept described by Joseph Schumpeter in his 1942 book ...