Doug Mackenzie wrote:  
  
>Since socialism entails intervention and Schumpeter saw  
>socialism as the wave of the future, it is not too  
>hard to seem him as embracing interventionism.  
  
  
It has been a long time since I read Capitalism, Socialism, and   
Democracy, and I don't have the time to look at it now.  But my   
memory is that, while Schumpeter thought that socialism was   
inevitable, he did not wish to speed things up.  His was a   
pessimistic take on socialism, and not one from which one should   
infer that he embraced interventionism.  No doubt a Schumpeter   
scholar out there can confirm or correct my memory.  
  
Kevin Hoover  
  
  
  
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"It has been my experience that folks who have no vices have very few   
virtues."  
         Abraham Lincoln  
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Kevin D. Hoover  
Professor of Economics and Chair  
Department of Economics  
University of California  
Davis, California 95616-8578  
  
Tel. (530) 752-2129  
Fax  (530) 752-9382  
E-mail: [log in to unmask]  
Web page: http://www.econ.ucdavis.edu/faculty/kdhoover/index.html  
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