Joseph Schumpeter, Czech-American economist and academic (b. 1883)
Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; February 8, 1883 – January 8, 1950) was an Austrian-born political economist. He served briefly as Finance Minister of German-Austria in 1919. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship.
Schumpeter was one of the most influential economists of the early 20th century, and popularized the term "creative destruction", which was coined by Werner Sombart.
1950Jan, 8
Joseph Schumpeter
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Events on 1950
- 23Jan
Jerusalem
The Knesset resolves that Jerusalem is the capital of Israel. - 9Feb
Joseph McCarthy
Second Red Scare: US Senator Joseph McCarthy accuses the United States Department of State of being filled with Communists. - 13May
Silverstone Circuit
The first round of the Formula One World Championship is held at Silverstone. - 11Jul
International Monetary Fund
Pakistan joins the International Monetary Fund and the International Bank. - 11Sep
Harry S. Truman
Korean War: President Harry S. Truman approved military operations north of the 38th parallel.