Josef Alois Julius Schumpeter. Feb 8 1883 – Jan 8 1950. Outline. Life Innovation Enterprise Enterpreuner. Who Schumpeter was?. Born in Trešť – Austria-Hungary T he youngest doctor laureates T he youngest private docent T he youngest professor Economist M inister of Finance
Feb 8 1883 – Jan 8 1950
Economy dynamics reaction on statics
J. A. J. Schumpeter
Dynamics is dirty statics with special problems.
No interest about processes which lead to quantitative growing like qualitative changes in economy innovation.
Schumpeter mentioned 5 cases:
- break down opposition of surroundings and own prejudice,
- not affraid risk,
- work with unknown value