Tag Archives

Archive of posts published in the tag: Joseph Schumpeter

The Prophet of an Irrational Faith

“How delicious that, as we approach the bicentenary of his birth, Karl Marx should have turned into the thing he loathed above all: the prophet of an irrational faith.”

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The Function of Depressions

While teaching at Harvard economist Joseph Schumpeter organized an informal seminar with like minded thinkers called the Seven Wise Men.  They published a piece attacking the New Deal of FDR: Recovery is sound only if it does come of itself.…

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