“Why do entrepreneurs appear, not continuously, that is singly in every appropriately chosen interval, but in clusters? Exclusively because the appearance of one or a few entrepreneurs facilitates the appearance of others, and these the appearance of more, in ever-increasing numbers.”

—  Joseph Alois Schumpeter, The Theory of Economic Development

The Theory of Economic Development (1934), Ch. 6 : The Business Cycle

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Joseph Alois Schumpeter13
Austrian economist 1883–1950

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