Which economist created the theory of creative destruction?
A)William Nordhaus
B)Joseph Schumpeter
C)Adam Smith
D)Milton Friedman

Question

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Joseph Schumpeter is credited with creating the theory of creative destruction in his book "Capitalism, Socialism and Democracy" published in 1942. The theory refers to the idea that innovation and technological progress inevitably lead to the destruction of established economic systems and traditions, but also lead to the creation of new and better ones.

Which Economist Created the Theory of Creative Destruction