Schumpeter's gale

proper noun

The principle of creative destruction; the obsolescence of existing products due to the introduction of new products.

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Meanings

proper noun
  1. economicsThe principle of creative destruction; the obsolescence of existing products due to the introduction of new products.

Synonyms & antonyms

Also see
creative destruction

Origin

From Joseph Schumpeter's Capitalism, Socialism and Democracy.

Full word history & related roots →
Cite this entry
APA

Schumpeter's gale. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/Schumpeter's%20gale

MLA

“Schumpeter's gale.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Schumpeter's%20gale. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “Schumpeter's gale,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/Schumpeter's%20gale.

Source: Schumpeter's gale on Wiktionary, CC BY-SA 4.0.