The more the process of development becomes familiar and a … - Joseph Schumpeter

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The more the process of development becomes familiar and a mere matter of calculation to all concerned, and the weaker the obstacles become in the course of time, the less the “leadership” that will be needed to call forth innovations. Hence the less pronounced will become the swarm-like appearance of entrepreneurs and the milder the cyclical movement.

Joseph Schumpeter

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About Joseph Schumpeter

Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an economist from Austria and an influential political scientist.

Also Known As

Alternative Names: Josef Aloys Schumpeter • Joseph Alois Schumpeter • Joseph A. Schumpeter

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John Kenneth Galbraith Peter Thiel John Maynard Keynes Malcolm Gladwell Henry Ford

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The swarm-like appearance of new combinations easily and necessarily explains the fundamental features of periods of boom.

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The more the process of development becomes familiar and a mere matter of calculation to all concerned, and the weaker the obstacles become in the co… - Joseph Schumpeter

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