Joseph Schumpeter Part 1: Why People Come Back for More

Russell S. Sobel, co-author of The Essential Joseph Schumpeter and Professor of Economics & Entrepreneurship in the Baker School of Business at The Citadel, joins host Rosemarie Fike to discuss Joseph Schumpeter's life and most novel contributions to the field of economics, including "creative destruction" and how entrepreneurs allow consumers to better determine preferences. See omnystudio.com/listener for privacy information.

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Economist Rosemarie Fike explores the insights and lasting legacies of the world's greatest economists, thinkers and scholars, including: Adam Smith, F.A. Hayek, John Stuart Mill, Milton Friedman, John Locke, Elinor Ostrom, and many more. Learn about their most important ideas, which helped to shape the free and prosperous societies that many of us enjoy today. And discover why their insights are still relevant in today’s modern world. Visit www.essentialscholars.org to download books, explore our animated videos and more.