The establishment vs Uber

[FireIceTalon]

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.

Guess it depends on when he said that quote really, since he could have still easily been paraphrasing their ideas as they were all alive at the same time when both Hayek and Friedman were well into their 40's or 50's. But, that is neither here nor there.

My larger point still stands - that Schumpter's idea that the state has the power to destroy the entire capitalist order, or would even desire to do so, is utterly ridiculous. Which is not surprising, since....

Schumpters work you linked. I stopped reading the moment after he wrote "In one important sense, Marxism is a religion". This is a discredited claim usually made by trolls. A pity really, cause he had my attention before that. For something to qualify as a religion, that system of thought requires a belief in the supernatural and metaphysical, and it must structure its views upon that particular premise. Marxism (and pretty much all sociological methods in general) lacks such a component, and therefore is impossible for it to be a religion - in fact the materialist conception of history was probably the first application of scientific methodology applied to the social sciences, as a way of understanding the historical development and material conditions of society in that context (including religions role itself in many societies). Capitalism and Liberalism ironically enough, have lots of traits and overtones similar to those seen in religions - the notion of a "invisible hand" being the most obvious. Yet cappies will be quick to call Marxism a religious doctrine. How cute.