What field was Schumpeter most influential in?
Physics
Economics
Biology
Chemistry
Answer
Economics was the field in which Schumpeter had the most impact. He developed Theory of economic development, which emphasized the role of innovation and entrepreneurship in driving economic growth. Schumpeter's ideas have been highly influential in shaping economic thought and policy, and he is considered one of the most important economists of the 20th century.
Schumpeterian Secrets: Unveiling the Mind of an Economic Pioneer
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