Schumpeter's work, his dynamic view of the entrepreneur and creative destruction has had a great impact on me. He indeed wrote a book, Capitalism, Socialism and Democracy, which intended to give a complex analysis of the two systems. But these two books, and a few others (e. g., some of Mises's and Hayek's works) are rather exceptional. A typical American textbook on economic systems is not written with the same ambition about capitalism with which I wrote about socialism. It doesn't give you a general model of capitalism, including the characterization of the political, ideological, and social spheres.
János KornaiRelated topics
ambition american analysis book characterization complex creative democracy destruction dynamic entrepreneur exceptional few general great impact intended model political social socialism typical view work write others works capitalism textbookRelated quotes
It is my conviction and shraddha (faith) that even on economic issues, Gandhi is relevant even today.... So in every aspect of my social reform efforts, you will see the imprint of Gandhi.... I bring every little aspect of Gandhi ji's life into my work. In social forestry, that is, in planting trees outside forest areas, Gujarat is number one in India... We have also incentivized every village to have a panchvati (a green belt drawing its name from the forest in which Ram, Lakshman, and Sita lived during their years of exile).... This is part of putting our traditions and Gandhian values to creative use.
Narendra Modi
Let there be no doubt that our present rate of inflation is the main cause of our economic difficulties. There never has been a more mistaken piece of economic analysis than the view that we should accept inflation to avoid unemployment. Inflation today, so far from being an alternative to unemployment, is its main cause. If our rate of cost increase is allowed to continue close to twice that of the average for the developed world it will increasingly price us out of world markets. Employers...will have to restrict their activities and still more their labour force in response to mounting and uncontainable wage and salary bills.
Roy Jenkins
It is the political task of the social scientist - as of any liberal educator - continually to translate personal troubles into public issues, and public issues into the terms of their human meaning for a variety of individuals. It is his task to display in his work - and, as an educator, in his life as well - this kind of sociological imagination. And it is his purpose to cultivate such habits of mind among the men and women who are publicly exposed to him. To secure these ends is to secure reason and individuality, and to make these the predominant values of a democratic society.
C. Wright Mills
For two hundred and fifty years, from the second half of the eighteenth Century on, Capitalism was the dominant social reality. For the last Hundred years, Marxism was the dominant social ideology. Both are rapidly being superseded by a new and very different society. The new society – and it is already here – is a post-capitalist society... The center of gravity in the post-capitalist society – its structure, its social and economic dynamics, its social classes, and its social problems – is very different from the one that dominated the last two hundred and fifty years.
Henry Mintzberg
Economic analysis is the first principle of Marxism. Professors who were genuine leftists would have challenged the entire economics-driven machinery of American academe the wasteful multidepartmental structure, the divisive pedantry of overspecialization, the cronyism and sycophancy in recruitment and promotion, the boondoggling ostentation of pointless conferences, the exploitation of graduate students and part-time teachers, the subservience of faculty to overpaid administrators, the mediocrity and folly of the ruling cliques of the Modern Language Association.
Camille Paglia
