Monday, February 4, 2008

Schumpeter and big business

Having not read any Schumpeter, I was surprised to learn:

... the organization of war production in the United States lent support to Schumpeter's arguments about the importance and efficency of large-scale business. ... in Capitalism, Socialism and Democracy, he mande no bones of his belief that big companies lay near the hart of advanced capitalist success.
pg. 388 of Prophet of Innovation, by Thomas McCraw

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