After Harvard, where he studied under the late Joseph Schumpeter, he spent four years in the U.S. Navy, serving on a destroyer that supported the invasion of North Africa.

在哈佛师从已故的约瑟夫·熊彼特后，他又在美国海军中支持入侵北非的驱逐舰上服役了四年。

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Joseph Schumpeter argued that recessions are a process of creative destruction in which inefficient firms are weeded out.

Joseph Schumpeter认为衰退是一个清除低效企业的创造性毁灭过程。

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In contrast, Joseph Schumpeter advocated recession as creative destruction-a cleansing process to weed out the weak and create room for new businesses.

与此相反，主张衰退约瑟夫·熊彼特创造性破坏作为一个清洗过程剔除弱者和创造空间新的业务。

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The cover boy was an economist who had died a third of a century before, Joseph A. Schumpeter.

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