How should one pronounce Schumpeter?
It is a German name, so the vowels are pronounced in the German way, with the first syllable accented and the second and third syllables sounded just like the German pronunciation of Peter - i.e., the first e is not a schwa, but sounds similar to an English long a. So, in English, it sounds like "shoom payter". The first vowel should be short, like the oo in book rather than the oo in soon. To hear the pronunciation via MP3, follow this link: <http://www.forvo.com/word/schumpeter/>.