Schumpeterian
- noun
- /ˌʃʌmˈpeɪtəriən/
- A notable characteristic of a Schumpeterian entrepreneur is the ability to recognize and exploit new market opportunities.
- Schumpeterian workfare
- Schumpeterian workfare state
Examples
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Another is a re-emerging intellectual interest in each of the three mainstays of the Schumpeterian system: entrepreneurship, innovation, and economic development.
Academic text (1991) -
At bottom, the Japanese view, like the Schumpeterian, is grounded in a vision of capitalism as a dynamic process, a roiling ferment of constant and relentless innovation.
Academic text (1991) -
A new idea began to take its place in the early 19th century: the Schumpeterian corporation that controlled not trade routes, but time.
Blog text (32) -
Is this the Coasean economy that ought to replace the Schumpeterian economy of the industrial age?
Blog text (32) -
And when that shift happens, the Schumpeterian corporation, the oil rig of human attention, will start to decline at an accelerating rate.
Blog text (32) -
And again, it suggests the parallel between the Keynesian system and American policy versus the Schumpeterian system and Japanese policy.
Academic text (1991) -
Your description of the relationship between business and technology is dead on, as is your tying of Schumpeterian growth to easily extractable fossil fuels.
Blog text (32) -
The Schumpeterian workfare state is likely to be less amenable than the Keynesian welfare state to government intervention in social and economic life.
Academic text (1996) -
The Schumpeterian workfare state is a paradigmatic response to these changes in the global economy (n-e).
Academic text (1996) -
Although these changes parallel and reinforce the internationalization pressures noted earlier, the shift from Keynesian welfare to Schumpeterian workfare states is by no means ineluctable.
Academic text (1996)
How Schumpeterian
Surface Forms
Morphology
Schumpeterian = Schumpeter (transparent) = Schumpeter + ian
The noun is formed from the proper name with the regular suffix '-ian' (denoting a follower or supporter), so the derivation is predictable if the base name is known.
Etymology
Schumpeterian as a noun names a person who follows the ideas of Schumpeter, someone who believes entrepreneurs and new ideas are the main force of economic change, often summed up as 'creative destruction'. So a Schumpeterian supports innovation and sees new businesses as the key to growth.