"For Schumpeter, capitalism itself could not possibly make for conquest and war: its spirit was rational, calculating, and therefore averse to risk-taking on the scale implicit in warmaking and in other heroic antics. Interesting as they were as a counterpoint to the various Marxist theories of imperialism, Schumpeter's views evinced less awareness of the knottiness of the problem he was dealing with than those of Adam Ferguson and Tocqueville that have just been recalled. To go back even further: Cardinal de Retz, with his insistence that the passions are not to be counted out in situations where interest-motivated behavior is considered to be the rule, appears to have had the better part of the argument than either Keynes or Schumpeter."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Politicians from AustriaAcademics from AustriaGovernment ministersFinance ministersEconomists from Austria
Original Language: English
Available Languages (1)
Sources
Albert O. Hirschman, The Passions and the interests (1977)
https://en.wikiquote.org/wiki/Joseph_Schumpeter
Revision History
No revisions have been submitted for this quote.
Categories
Joseph Schumpeter
Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an economist from Austria and an influential political scientist.
41 quotes on TrueQuotesView all quotes by Joseph Schumpeter →
Related Quotes
"When ae door steeks anither opens."
"The first thing a man will do for his ideals is lie."
"Why do entrepreneurs appear, not continuously, that is singly in every appropriately chosen interval, but in clusters…"
"Gentlemen, you are worried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold…"
"When we inquire about the general forms of economic phenomena, about their uniformities, or about a key to understand…"
"The innovation is hazardous, impossible for most producers. But if someone establishes a business having regard to th…"
"This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us …"
"Only a few people have these qualities of leadership and only a few in such a situation, that is a situation which is…"
"Since as we have seen the entrepreneurial qualification is something which, like many other qualities, is distributed…"
"Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed …"