Schumpeter, Joseph Alois

Schumpeter, Joseph Alois (1883-1950), Austrian-American economist and social theorist, born in Triesch, Moravia (now in the Czech Republic), and educated at the University of Vienna. He began to practise law in Vienna in 1907, and, after winning recognition as an economic theorist, he taught economics for various periods at the universities of Vienna, Czernowitz (now Chernivtsi, Ukraine), Graz, and Bonn after 1909. After visiting the United States as an exchange professor at Columbia University in 1913 and at Harvard University in 1927 and 1931, he received a permanent faculty appointment at Harvard in 1932.