Quote of the day
That liberty is a great thing we may know from our own feelings, and we may likewise judge so from the conduct of the white-people, in the late war.
Joseph Schumpeter
Born: February 8, 1883
Died: January 8, 1950 (aged 66)
Bio: Joseph Alois Schumpeter was an Austrian-born American economist and political scientist. He briefly served as Finance Minister of Austria in 1919. In 1932 he became a professor at Harvard University where he remained until the end of his career.
Known for:
- Capitalism, Socialism and Democracy (1942)
- The theory of economic development (1912)
- History of Economic Analysis
- Ten great economists
- Can Capitalism survive?
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Joseph Schumpeter Quotes