Schumpeterian

English

Etymology

From Schumpeter +‎ -ian.

Adjective

Schumpeterian (comparative more Schumpeterian, superlative most Schumpeterian)

1. (economics) Of or pertaining to the economist Joseph Alois Schumpeter (1883–1950).

   Synonym: Schumpetarian

   • 2016, Richard von Glahn, “Introduction”, in The Economic History of China: From Antiquity to the Nineteenth Century‎^[1], page 9:

     Rather than simply an extension of Smithian dynamics of market expansion and labor specialization, economic growth in early modern Europe was nurtured by Schumpeterian principles in which it is not perfect markets, but rather imperfect markets, that spur innovation and economic growth.

Related terms

• Schumpeterianism