Despite his other significant academic accomplishments, whenever I read about Schumpeter, I can not help but re-acknowledge how his technical economic analysis was so led astray by his adopting and advancing the Walrasian general equilibrium framework.

I also become distressed by the considerable academic recognition Schumpeter received both in Austria and the United States, while his contemporary Ludwig von Mises, who did so much to advance correct economic analysis, was treated so shoddily in both countries.