> Interesting documentation but Schumpeter was giving  
> his view of the prospects   
> for capitalism. I don't think you can fairly  
> interpret this as an advocacy of   
> intervention, let along socialism.  
  
In the opening line of the chapter on the socialist  
calc debate Scumpeter wrote- "Can socialism work? Of  
course it can." He also wrote that he did not think  
that capitalism could survive. There is more detail  
here, alot more, and Schumpeter did think that Lerner  
and Lange had proven Mises and Hayek wrong. 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.  
  
> "I am puzzled by the sense I am getting from couple  
> of the posts that Schumpeter was an Austrian    
> economist. Wasn't he that only by birth and not by >  
his belonging to the Austrian school?" SS  
  
The creative destruction thing from Schumpeter was  
pretty Austrian. Schumpeter also made an Austrianese  
argument that the Marxists were wrong about the causes  
of war. Schumpeter denied that capitalism and profit  
seeking caused war. Schumpeter and Mises were on the  
same page when it came to war being caused by a  
warrior ethic, as opposed to commercialism. Also,  
Schumpeter's critique of capitalism seems Austrianesque  
to me, but that would take a while to explain.   
  
Schumpeter was influenced to some degree by Walras,  
but Hayek and Kirzner both admited that there was a  
kernel of truth to Walras. I see quite a bit of  
overlap between Schumpeter and Mises and Hayek.  
  
Most Austrians distance themselves from Schumpeter  
these days because of what Schumpeter said about the  
calculation debate. I see things differently.  
  
Doug Mackenzie