The name of Joseph Schumpeter is still a prominent one in the social sciences. He was undoubtedly one of the leading economists of his generation. That by itself would have been enough to ensure him lasting fame, yet his importance as a social theorist extends far beyond that which is attributable simply to his performance […]
Tag Archives | Studies in Political Economy
Understanding the Significance of the Great Depression
Only a few years ago it was an article of faith among most orthodox economists that the Great Depression of the 1930s was an unaccountable deviation from the natural course of capitalist evolution. They also thought that any further repetition of severe economic distress was inconceivable in the age of informed macroeconomic policy. Even now, […]
