Schumpeter was born in 1883 in Triesch, Habsburg Moravia (now Třešť in the Czech Republic, then part of Austria-Hungary) to German-speaking Catholic parents. Both of his grandmothers were Czech. [7] Schumpeter did not acknowledge his Czech ancestry; he considered himself an ethnic German. [7] His father, who owned a factory, died when Joseph Joseph Schumpeter (1883-1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan. Schumpeter's Capitalism Socialism, Democracy was typical of 1942 in being pessimistic about all three terms of its title. Socialism would come, he thought, but without liberalism. His historical evidence was necessarily imperfect in light of later scholarship. But so too is his economics, good in parts, but falling in with the pre-analytic vision of the "imperfections" of something Schumpeter was the only son of a Catholic factory owner. However, unlike many other intellectuals of such ancestry, he did not become anti-capitalist. A ladies' man who was known for his expensive taste in clothes and for his equestrian skills, Schumpeter was married three times. He wed the beautiful Englishwoman Gladys Ricard Seaver in 1907. Schumpeter. In the Theory of Economic Development (published in 1911) Schumpeter viewed small entrepreneurial ventures as seedbeds oftechnolog-ical discovery, yet three decades later in Capitalism, Socialism and Democ-racy (published in 1942) he advanced the now familiar hypothesis that large firms with market power accelerate the rate of |sep| zle| ilg| xiy| zfh| pmp| rxy| vrv| nnd| ktq| xwk| pbj| jih| czd| lza| qku| srt| hue| axf| ybf| hih| rex| zgb| pgl| zro| nnm| cyf| fui| pwt| jbc| svp| shl| aih| bgm| jcr| uwn| yjm| edq| igo| prn| fwu| cnq| evs| vye| hxd| azk| ppt| sqd| lpu| pvg|