The theory of economic development (1934) : the fundamental phenomenon of economic development -- The theory of economic development (1911) : the fundamental phenomenon of economic development -- The theory of economic development (1911) : the view of the economy as a whole -- Entrepreneur...

This essay introduces the first translation of Schumpeter’s article Entrepreneur, originally published in 1928. We describe the background of Entrepreneur and use new archival sources to situate the article in time. Entrepreneur marks a transition of Schumpeter’s conception of...

Joseph Schumpeter is seen as the foremost theoretician of entrepreneurship. In addition, Schumpeter, whose "creative destruction" is as famous as Milton Friedman's "there is no free lunch," is increasingly recognized as a major economist, often given the same stature as John Maynard Keynes....

The collective economic process is always a coherent phenomenon whose lines can be comprehended by the interlocking of its distinguishable elements. Not always, however, does the social whole – be it a modern nation or a “culturally poor” horde – run directly according to a...