Economist's View: Robert Solow on Joseph Schumpeter
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Saved by 1 people (0 private), first by anonymouse user on 2007-12-18
- Brianddrpm on 2007-12-18 - Tags creative-destruction
Public Sticky notes
Schumpeter derived from this analysis a lasting bias in favor of big
business.
Highlighted by brianddrpm
In 1942, Schumpeter published Capitalism, Socialism, and Democracy, which was
reprinted and translated many times. It was his most successful book by a wide
margin.... McCraw thinks of it as a landmark of twentieth-century social
science... I do not think it comes close to being that important; but I have to
admit that I have a general distrust of ambitious, overarching attempts to
capture a whole socioeconomic system in a few grand generalizations.
Highlighted by brianddrpm
Which brings us to the "democracy" in Schumpeter's title. He was not a
democrat by instinct or by reflection. He had little confidence in the ability
of the average citizen to vote intelligently...
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