text: From the 1950s onwards , the term `` creative destruction '' has become more readily identified with the Austrian-American economist Joseph Schumpeter , who adapted and popularized it as a theory of economic innovation and progress . The term , as used by Schumpeter , bears little resemblance with how it was used by Marx .
simplified: In and after the 1950s , the term became associated with Austrian-American economist Joseph Schumpeter .