Forbes contributors publish independent expert analyses and insights. I apply economic insights to improve regulations and their effects. Joseph Schumpeter is having a heyday. In 1942, he coined the ...

People who don’t much like modern capitalism, American-style, can take comfort in the pessimism of Joseph Schumpeter. In his 1942 book, Capitalism, Socialism, and Democracy, the Austrian economist ...

WAR tends to transform societies, destroys old systems while new ones emerge, and causes great departure from what we used to know. Joseph Schumpeter introduced the term “creative destruction” to ...

The Nobel Prize in economics was awarded to a trio of researchers Monday for their work on how cycles of technological innovation feed economic growth. Joel Mokyr of Northwestern University, Peter ...