Joseph Alois Schumpeter

was one of the most influential economists of the first half of the 20th century.

His theory of destructive creation broke with the statics of the economy of his time and introduced entrepreneurship as a fundamental factor of economic growth.

Raised in the bosom of an aristocratic family of the decadent Austro-Hungarian Empire, as a young and brilliant teacher, he liked to scandalize his classmates and students by glorifying his skills as a horseman and used to go to seminars.

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