Examples of using Schumpeter in English and their translations into Chinese
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Schumpeter termed this phenomenon as'Creative Destruction'.
It also reflected the insights of Marx, Veblen, Keynes and Schumpeter.
Joseph Schumpeter called this"the process of creative destruction.".
Following the terminology of political economist Joseph Schumpeter, an invention differs from an innovation.
Schumpeter viewed entrepreneurship as a force of"creative destruction.".
The essence of economic policy is, as Joseph Schumpeter reportedly put it,“politics, politics, politics”.
Schumpeter viewed entrepreneurship as a force of“creative destruction.”.
Writing in the mid twentieth century, Schumpeter was already aware of this trend, although he was none too happy about it.
Schumpeter predicted the internal innovation hubs of corporate giants like Amazon and SAP.
The Lisbon Strategyowes much to the Austrian economist Joseph Schumpeter, who claimed that profit results from innovation.
Joseph Schumpeter calls him“the most brilliant economic journalist who ever lived.”.
In this regard, the most important economist of the twenty-first century might actually turn out to be not Smith or Keynes,but Joseph Schumpeter.
It is Schumpeter[1] who leaded the pioneered research in this field and caused great impact.
By using the word“destruction,” Schumpeter directly implies the process results in losses alongside profits and there are losers in the creative destruction.
Schumpeter said,"Yes, this question is still important to me, but I now answer it differently.
An alternative view is based on the work of Schumpeter and Keynes, and deriving from the experiences of post-war Western Europe and the successful catching-up experiences in East Asia.
Schumpeter would argue that new entries are a necessary condition for eroding such temporary monopolies.
The economist Joseph Schumpeter viewed economic downturns as the system renewing itself, a process he described as creative destruction.
Schumpeter said,“Yes, this question is still important to me, but I now answer it differently.
Schumpeter said,“Yes, this question is still important to me, but I now answer it differently.
Schumpeter was of the opinion that entrepreneurs shift the production possibility curve to a higher level using innovations.
Joseph Schumpeter said that the economy evolves by cracks and leaps: S curves are the shape of creative destruction.
Schumpeter was a genuine product of the Austrian School of Economics, but he was, at the same time, a very independent thinker.
According to Schumpeter, an entrepreneur is a person, willing and able to convert a new idea or invention into a successful innovation.
Schumpeter believed that through the process of creative destruction, old and outdated approaches and products were replaced with better ones.
Schumpeter's description of the process of creative destruction served to highlight further the important role that innovation plays in entrepreneurship.
According to Schumpeter, innovation is an activity combining new factors and conditions of production and introducing them into the production systems.
Joseph Schumpeter claimed that there were four ways to study the economy: through theory, through statistics, through sociology and through history.
