The ideas of Joseph Schumpeter as applied to the innovative development of a modern University
The article discusses the fundamentals of the Schumpeter’s theory of economic development through the prism of innovative development of higher education. The attempt of transformation of the Schumpeter’s ideas to the development of the modern University under the conditions of modernization of higher school in Russia is presented. The conclusions on the correlation between the innovation development rate and availability and performance of human and financial resources are worked out.