For 10 points, name this economist whose book Capitalism, Socialism and Democracy popularized the term "creative destruction."
This man drew on Clark to argue to put forth a model of "auto-synchronized" practices in order to provide an economic and social model of "processes of circular flow" and "processes of development" in one work. In another work, this economist rejects the classical 18th century view of democracy and instead offers a "procedural method" which assumes the presence of a common good. This author of The Theory of Economic Development argued that society goes through phases of Kondratieff Waves in his book Business Cycles. In another work, this man reintroduced a Marxist term for a phenomenon best described as the harmful acquisition of market power by firms that are also supplying economic growth at the same time. For 10 points, name this economist whose book Capitalism, Socialism and Democracy popularized the term "creative destruction."
This man drew on Clark to argue to put forth a model of "auto-synchronized" practices in order to provide an economic and social model of "processes of circular flow" and "processes of development" in one work.
Joseph Schumpeter