Meaning of Schumpeterian | Babel Free

Definitions

Of or pertaining to the economist Joseph Alois Schumpeter (1883–1950).

Examples

“Rather than simply an extension of Smithian dynamics of market expansion and labor specialization, economic growth in early modern Europe was nurtured by Schumpeterian principles in which it is not perfect markets, but rather imperfect markets, that spur innovation and economic growth.”

CEFR level