Yes, wow. Léon Walras spins in his grave... Maybe a bit more study FIT.
Schumpter was born a decade before Fredrik Hayak, and two decades before Milton Friedman. Hayak was 7 years old when Schumpter earned his Ph.D. and published his first work in 1906.
Here is a free link to Capitalism, Socialism and Democracy.
Schumpter was born a decade before Fredrik Hayak, and two decades before Milton Friedman. Hayak was 7 years old when Schumpter earned his Ph.D. and published his first work in 1906.
Here is a free link to Capitalism, Socialism and Democracy.
”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.
![[Image: yVR5oE.png]](http://imagizer.imageshack.com/img924/329/yVR5oE.png)
![[Image: VKQ0KLG.png]](http://i.imgur.com/VKQ0KLG.png)