“Silence will save me from being wrong (and foolish), but it will also deprive me of the possibility of being right.” -- Igor Stravinsky
Tuesday, May 03, 2011
Schumpeter: Theory and Practice
"Both economists and popular writers have once more run away with some fragments of reality they happened to grasp.These fragments themselves were mostly seen correctly. Their formal properties were mostly developed correctly. But no conclusions about capitalist reality as a whole follow from such fragmentary analyses." -- Can Capitalism Survive?