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Hawley, John B. – 1978
This paper describes the Schumpeterian schema of capitalist business cycles. The creator of the model, Joseph A. Schumpeter (1883-1950), was a Czech-born and Viennese-educated theoretical economist who emigrated to the United States in the 1930s and taught at Harvard University for 18 years. He is particularly remembered in economic circles for…
Descriptors: Business Cycles, Capitalism, Economics, Higher Education