Schumpeter on steroids
September 26, 2026 at 5:33 AM
Schumpeter on steroids
Frankly that’s most capitalists. Schumpeter was pessimistic about Schumpetrian innovation.
Another thing I learned living in the South is that the gentry does not aspire to be richer in absolute terms, but is singularly obsessed with being richer in relative terms.
"King Shit of Turd Mountain" was the expression I heard tossed around.
"King Shit of Turd Mountain" was the expression I heard tossed around.
I wonder if in economically destitute places like Louisiana, land/business owners actually get a bigger share of economic surplus, or if they just feel like they do because they have so much power over workers
May 28, 2025 at 9:20 PM
Frankly that’s most capitalists. Schumpeter was pessimistic about Schumpetrian innovation.
It's all in Schumpeter
June 30, 2026 at 2:15 PM
It's all in Schumpeter
- josef schumpeter
No, it's clear that the initial growth is due to the capex and it's only later that you figure out if it created innovation/you get a contraction if it turns out the investment was useless. But then if you like you can do more capex to stimulate the economy and kick the can further down the road!
August 22, 2026 at 10:54 PM
- josef schumpeter
Schumpeter, of course, loved nothing more than bureaucracy and centralisation
September 21, 2025 at 6:12 AM
Schumpeter, of course, loved nothing more than bureaucracy and centralisation
I wrote a book The Creative Destruction of Medicine (2013, title adopted after Schumpeter).
This title of the book for what we are now seeing in the U.S. is just The Destruction of Medicine.
This title of the book for what we are now seeing in the U.S. is just The Destruction of Medicine.
February 14, 2025 at 11:15 PM
I wrote a book The Creative Destruction of Medicine (2013, title adopted after Schumpeter).
This title of the book for what we are now seeing in the U.S. is just The Destruction of Medicine.
This title of the book for what we are now seeing in the U.S. is just The Destruction of Medicine.
Schumpeter: um marxista burguês www.paulogala.com.br/schumpeter-u...
October 6, 2024 at 8:00 PM
Schumpeter: um marxista burguês www.paulogala.com.br/schumpeter-u...
I've read Schumpeter Capitalism Socialism & Democracy cover to cover at least half a dozen times and it's only in the middle of class last week that I noticed the ~2pp devoted to the proposition "with no power comes no responsibility"— sometimes in almost verbatim that language—
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September 27, 2026 at 1:10 AM
I've read Schumpeter Capitalism Socialism & Democracy cover to cover at least half a dozen times and it's only in the middle of class last week that I noticed the ~2pp devoted to the proposition "with no power comes no responsibility"— sometimes in almost verbatim that language—
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Schumpeter--for some fresh air.
June 10, 2025 at 4:29 AM
Schumpeter--for some fresh air.
There’s a Schumpeter quote that’s something like “the achievement of capitalism is not the manufacture of silk stockings; queen Elizabeth had silk stockings. The achievement of capitalism is to put them in reach of factory girls.”
Pretty much the entire history of technological innovation is a new product that’s worse but cheaper. Your electric razor is not as good as a barber with a knife, your AI is not as good as an executive assistant, even your mass produced wine is not as good as 500 year old vine grown French wines.
At an industry event last night one (old media) journalist said “we may need institutions like the BBC because internet searches don’t return separate news stories now, but an AI summary that is usually wrong.”
Watching an industry shrug and surrender to a competitor that DOES NOT WORK.
Watching an industry shrug and surrender to a competitor that DOES NOT WORK.
February 4, 2026 at 10:46 AM
There’s a Schumpeter quote that’s something like “the achievement of capitalism is not the manufacture of silk stockings; queen Elizabeth had silk stockings. The achievement of capitalism is to put them in reach of factory girls.”
Instituto Ludibrie Schumpeter, Instituto Engane Mises
July 25, 2026 at 4:20 PM
Instituto Ludibrie Schumpeter, Instituto Engane Mises
its kinda interesting how little periphery-centric theories of empire have percolated down into pop culture. people are still talking like schumpeter or lenin are the final word on the scholarship of imperialism
Westminster, which usually treated the Empire as an afterthought at best and spent most of its time trying to avoid doing anything, was perfectly happy to govern through princely states and protectorates, and in places like South Africa often tried to block the local settlers from starting wars.
July 5, 2026 at 7:21 AM
its kinda interesting how little periphery-centric theories of empire have percolated down into pop culture. people are still talking like schumpeter or lenin are the final word on the scholarship of imperialism
Kalecki, Schumpeter, Gershchenkron. All come from Eastern Europe and are fundamentally unimpressed with their capitalists.
May 28, 2025 at 9:32 PM
Kalecki, Schumpeter, Gershchenkron. All come from Eastern Europe and are fundamentally unimpressed with their capitalists.
oh god elon found the schumpeter wiki article
April 4, 2025 at 9:15 PM
oh god elon found the schumpeter wiki article
"Who was right on job creation — Adam Smith or Schumpeter?" www.ft.com/content/9edd...
September 18, 2026 at 11:30 AM
"Who was right on job creation — Adam Smith or Schumpeter?" www.ft.com/content/9edd...
Apparemment, la théorie de la croissance de Schumpeter, c'est chaud.
January 21, 2026 at 2:47 PM
Apparemment, la théorie de la croissance de Schumpeter, c'est chaud.
They gave the Nobel to Schumpeter?
October 13, 2025 at 12:58 PM
They gave the Nobel to Schumpeter?
Schumpeter coming along and shaking his head too. "A little more creative destruction please."
February 16, 2026 at 9:00 PM
Schumpeter coming along and shaking his head too. "A little more creative destruction please."
Even Schumpeter hated the "socialism only works for selfless angels" argument.
August 10, 2025 at 1:57 PM
Even Schumpeter hated the "socialism only works for selfless angels" argument.
La voie de l'épée (Substack) : Crise schumpétérienne en Ukraine substack.com/@michelgoya/...
Crise schumpétérienne en Ukraine
L’économiste Joseph Schumpeter définissait la crise comme le moment où l’on n’obtient presque plus de résultats avec les moyens que l’on utilise.
substack.com
May 18, 2026 at 6:59 AM
La voie de l'épée (Substack) : Crise schumpétérienne en Ukraine substack.com/@michelgoya/...
Schumpeter n'aime pas ce titre
«Le raté est inéluctable quand on veut innover» : le musée des Arts et Métiers célèbre les innovations qui ont fait un four
www.lefigaro.fr/secteur/high...
www.lefigaro.fr/secteur/high...
«Le raté est inéluctable quand on veut innover» : le musée des Arts et Métiers célèbre les innovations qui ont fait un four
Dans son exposition « Flops ?! », le musée parisien met en lumière des projets mal pensés ou trop en avance sur leur temps. Certains ont tracé la voie vers des produits et services qui font désormais ...
www.lefigaro.fr
October 31, 2025 at 7:43 AM
Schumpeter n'aime pas ce titre
Sur l'usage par E. Macron de Schumpeter, j'avais écrit cette tribune pour Le Monde, en 2017 : Macron ne doit pas convoquer Schumpeter pour « justifier des politiques de régression sociale »
www.lemonde.fr/idees/articl...
www.lemonde.fr/idees/articl...
Macron ne doit pas convoquer Schumpeter pour « justifier des politiques de régression sociale »
TRIBUNE. Le président de la République se réfère souvent au concept de « destruction créatrice ». Dans une tribune au « Monde », Maxime Combes considère que l’usage qu’il fait de cette notion est très...
www.lemonde.fr
October 13, 2025 at 10:30 AM
Sur l'usage par E. Macron de Schumpeter, j'avais écrit cette tribune pour Le Monde, en 2017 : Macron ne doit pas convoquer Schumpeter pour « justifier des politiques de régression sociale »
www.lemonde.fr/idees/articl...
www.lemonde.fr/idees/articl...
Der Vortrag war übrigens eine 90 minütige didaktische Aufbereitung zum Thema Wirtschaft in Zeit und Raum über Schumpeter, ökonomische Gleichgewichte, Zinsen und Investitionen.
November 11, 2025 at 9:35 PM
Der Vortrag war übrigens eine 90 minütige didaktische Aufbereitung zum Thema Wirtschaft in Zeit und Raum über Schumpeter, ökonomische Gleichgewichte, Zinsen und Investitionen.
Britain’s zombie universities should put Schumpeter on the syllabus on.ft.com/46tIQC1 | opinion
Britain’s zombie universities should put Schumpeter on the syllabus
It’s time to borrow from the corporate crib sheets — and if all else fails, creative destruction is a force for good
on.ft.com
September 21, 2025 at 4:56 AM
Britain’s zombie universities should put Schumpeter on the syllabus on.ft.com/46tIQC1 | opinion