Nicole Halper is a freelance proofreader and copy editor. She is a former Communications Intern at Students For Liberty.
Tune in to any discussion on economics, and you’ll likely be bombarded by the latest “groundbreaking theory” from a fashionable academic. Failing that, even someone who takes a casual interest in the topic will have heard of Stiglitz, Krugman, Piketty, or Ha-Joon Chang. Ask someone who the great historical figures in economics are, and they’ll say Smith, Keynes, or even Hayek. But there’s one lesser-known person who encapsulates the true spirit and purpose of economics and that’s Joseph Schumpeter. Joseph Schumpeter (1883-1950) was an Austrian economist and political scientist.
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