[PEN-L:7224] Re: Re: Re: Re: Re: Creative Destruction

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

(an old thread)

I wrote:
>>> Schumpeter was neither an econometrician nor a mathematical economist. He
>>> _was_ a conservative but open-minded economist who learned a lot from
Marx.
>>> His belief that socialism -- by which he meant government planning of the
>>> economy -- is inevitable seems quaint these days.

Wojtek writes: >Ah Jim, don't be deceived by the appearances - the planning
is progressing as planned - it is just being taken away from the hands of
the government and placed in the hands of the people who "have something"
i.e. corporate execs. After all, you cannot leave making important economic
decisions to the popular vote - their rationality is too much bounded.<

Corporate planning is quite different from socialist-style planning,
because of the rampant competition amongst corporations.

Jim Devine jdevine@xxxxxxxxxxxxxxx &
http://clawww.lmu.edu/Faculty/JDevine/jdevine.html
Bombing DESTROYS human rights. Ground troops make things worse. US/NATO out
of Serbia!