Muldoon, Jeffrey; Smith, Douglass - In: Elgar encyclopedia of innovation management, (pp. 40-43). 2025
Joseph Schumpeter, one of the great economists of the 20th century, created and defined innovation as an important economic force. Schumpeter lived during a time of great upheaval: the collapse of empires, the rise of totalitarianism, nationalism, and several economic depressions. In addition,...