Economists have never allowed their analysis to be influenc… - Joseph Schumpeter

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Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.

Joseph Schumpeter

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About Joseph Schumpeter

Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an economist from Austria and an influential political scientist.

Also Known As

Alternative Names: Josef Aloys Schumpeter • Joseph Alois Schumpeter • Joseph A. Schumpeter

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John Kenneth Galbraith Peter Thiel John Maynard Keynes Malcolm Gladwell Henry Ford

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Many things may be copied by the latter; the example as such also acts upon them; and many achievements directly serve other branches too [...].

The first thing a man will do for his ideals is lie.

Gentlemen, you are worried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold douche.

Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions … - Joseph Schumpeter

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