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Identify the following philosopher:
(1833-1950) Austrian political economist. Professor at Harvard. One of the most influential economists of the 20th century; popularized the term "creative destruction" in economics
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| Thomas Hobbes |
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| Joseph Schumpeter |
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| Ayn Rand |
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| John Milton |
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According to Schumpeter, the "gale of creative destruction" describes the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one".
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The correct answer was Joseph Schumpeter
According to Schumpeter, the "gale of creative destruction" describes the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one".
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