The Perennial Gale Of Creative Destruction

One of the readings for today at the PFF IRLE workshop is Chapters 6-8 of the “Can Capitalism Survive?” section of Schumpeter’s Capitalism, Socialism, and Democracy. I think this is one of the most important economic works ever written, notwithstanding the fact that much of Schumpeter’s doom and gloom fear for the future of capitalism … More The Perennial Gale Of Creative DestructionMore The Perennial Gale Of Creative Destruction

Quelle Surprise

The French government finally acknowledges that the mandatory 35-hour work week is a financial disaster. Nor has it achieved its purported objective, the reduction of the unemployment rate in France. Thanks to Glenn Reynolds for the link to the article. … More Quelle Surprise