Which of the following economists first coined the concept of creative destruction?
A) Malthus
B) Adam Smith
C) Joseph Schumpeter
D) Paul Krugman

Question

Quizplus · Accepted Answer

Joseph Schumpeter is credited with coining the concept of "creative destruction" in his 1942 book "Capitalism, Socialism, and Democracy." The term refers to the process by which new innovations and technologies replace outdated systems and industries, leading to economic growth but also causing dislocation and job losses in the short term.

Which of the Following Economists First Coined the Concept of Creative