Joseph Alois Schumpeter (German: [ˈʃʊmpeːtɐ]; 8 February 1883 – 8 January 1950) was an Austrian-American economist and political scientist. He briefly served as Finance Minister of Austria in 1919. In 1932 he became a professor at Harvard University where he remained until the end of his career. One of the most influential economists of the 20th century, Schumpeter popularized the term "creative destruction" in economics
By Mark Dodgson and David Gann. The real question is how we adjust to a world with significantly less of what we know as work. Companies have a duty to use their expertise in disruption to help deal with this enormous social turmoil.
"One of Liu’s special concerns is the emergence of new "destructively creative" or viral arts that resist the postindustrial credo of innovation or what economist Joseph Schumpeter called creative destruction. Another is the current humanities emphasis on historicist critique, which also reevaluates the process of creative destruction."