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BUSINESS > economist, sociologist > Joseph A Schumpeter

Economic progress, in...

Source: BUSINESS

Economic progress, in capitalist society, means turmoil.

Source: Capitalism, Socialism and Democracy, ch. 3, 1942.
-- Joseph A Schumpeter, (Feb 8 1883-1950), Moravian-US economist, sociologist; He was well known for his theories of capitalist development and business cycles.


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