Investors Business Daily features an article about Böhm-Bawerk’s famous student.
Source link: http://blog.mises.org/11019/schumpeter-makes-the-news/
Schumpeter makes the news
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EWWW!!! They put his name next to Keynes, and called him a contemporary. Yecch.
What the heck is a “Keynes contemporary” ?
As much as the article made the man sound like he loved capitalism/free market. I don’t even understand how Keynes name popped up.
Yeah.
Where does this “Keynes loved the free-market” nonsense come about?
The man was for heavy interventions and even advocated total state control over investment. How in the hell does that make you “free-market”?
“John Maynard Keynes showed how government institutions could use spending to ignite economic growth.”
That’s right. Government spending is always better than people’s free choices because government spending is double, triple, and quadruple counted in the GDP formula.
Is it possible that some people don’t know that “contemporary” means lived at the same time and nothing more than that? Surely people commenting at the Mises blog know that.
“What the heck is a “Keynes contemporary” ?”
I would imagine that he is someone who is just as wrong.
Maybe I should check the IPs here and see if this is a spoof.
“…England’s Adam Smith argued for free trade”.
That’s absolute rubbish.
He was a Scot.
“Schumpeter was born in 1883 in a hamlet 75 miles south of what is now Prague”.
It was then, too.
“He gained stature by taking teaching jobs at more prestigious schools, including… Harvard…”.
No. Harvard wasn’t prestigious then (outside the USA), and that wouldn’t have increased his stature at all (outside the USA).
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