Simplify the following text for a Grade 11 native English-speaking person.
Original: Joseph Alois Schumpeter ( 8 February 1883 -- 8 January 1950 ) was an Austrian-American economist and political scientist .
Simplified: Joseph Alois Schumpeter ( February 8 , 1883 â `` January 8 , 1950 ) was a researcher in economics and political science .