"Specifically, it discusses the possibilities for finding a viable alternative to neoclassical economic growth theory, in the form of some combination of Keynesian macroeconomics and evolutionary growth modeling. In this framework, economies are considered as complex adaptive systems which can generate dissipative structures, depending on the underlying knowledge dynamics and the energy throughput. This macroeconomic framework, which integrates short-run Keynesian elements with long-run Schumpeterian thinking, has to be considered as extremely powerful, both intellectually, as it allows for a much more comprehensive understanding of growth processes, as well as politically, as it offers a meaningful alternative to mainstream approaches which failed to predict the current economic and financial crisis and cannot offer meaningful answers how to get out of the crisis."
January 1, 1970
https://en.wikiquote.org/wiki/Joseph_Schumpeter