Schumpter's
3 important questions on Schumpter's
What is capitalism in eye's of Schumpeters
Capitalism is that form of private property economy in which innovations are caried out by means of borrowed money, which in general, though not by logical necessity, implies credit creation.’
What is the core of capitalist development for Schumpeter's?
Creative desturction --> think of Uber
What is the theory of the business cycle?
Wave of growth and than break downs.
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