Schumpeter

What is Schumpeter?


1.

Joseph Schumpeter. Economist. Wrote "The Theory of Economic Development." Coined the phrase "creative destruction" to describe the mess that results whenever capitalism takes off.

The Economist editorial: "Kakakistan's new government takes reform seriously, protects investment and property rights, and reduces taxes."

Kakakistan resident: "Can't afford food or rent. Seems we been Schumpetered."

Harlem real estate guy: Gentrified.

Harlem resident moving to the Bronx: Schumpetered.


41

Random Words:

1. When you poke somebody particularly hard in the arm with your index finger whilst shouting at the top of your lungs "devil finger!!..
1. Shortened form of "Ohayou gozaimasu," the Japanese salutation equivalent to "Good morning." It is a cute way of sayi..
1. The act of being exhausted from sending and receiving too many text messages and/or e-mails on your phone or blackberry I am way over t..