Tag Archives: Schumpeter

Advocates of Reason: 16 August 2010

Some links, and commentary on those links. Continue reading

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History of Entrepreneurship in Economic Thought

A brief history of the concept of entrepreneurship. Continue reading

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Austrians Contra Smith

Adam Smith is generally considered the father of political economy, and between Smith and the marginal revolution it is traditionally believed that there was a linear progression in the science of economics. Schumpeter’s History of Economic Analysis suggested otherwise, and since then there has been a wealth of revisionism looking to correct economists’ view on the Smithian movement. From an Austrian perspective, Smith did much to damage economic theory. Continue reading

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On Unemployment and Industrial Restructuring

Krugman, once again, fails to take into all the factors in his mental calculations. This time he fails to make an objective critique of Schumpeter’s and the neo-classical theory on unemployment and fiscal spending. Continue reading

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