Tags » Schumpeter

The sunk-cost fallacy

JDN 2457075 EST 14:46.

I am back on Eastern Time once again, because we just finished our 3600-km road trek from Long Beach to Ann Arbor. 1,997 more words


Worth Reading: Commas and Copyediting

The newest issue of The New Yorker has a wonderful article about commas and copyediting by the magazine’s own copyeditor, Mary Norris. “Holy Writ: Learning to Love the House Style… 68 more words

Miscellaneous Opinion

Econ 12 - 5th Assignment – due by email on February 17, 2015

Prepare, individually, short written answers to the following questions, and submit them to me by e-mail (oroncesval@gmail.com) on or before February 17, 2015. Most of the answers can be found in Chapters 8, 11, 12 and 13 of the Backhouse textbook. 174 more words

Economic Thought

The Genius of Roger Garrison, Part Four: Schumpeter and the RBCT

I left off in the last article mentioning a tidbit about the RBCT (Real Business Cycle Theory) and its connection to the ABCT (Austrian Business Cycle Theory). 2,527 more words

Austrian Economics

Effective Networkers are Shameless!

Being a good networker pays off – but it requires skill as well as shamelessness according to the Schumpeter column in The Economist .

Many people protest that they would rather devote their time to real work than to schmoozing. 688 more words

Business Development And Selling

Schumpeter on why the young are drawn to Marx

“Panting with impatience to have their innings, longing to save the world from something or other, disgusted with textbooks of undescribable tedium, dissatisfied emotionally and intellectually, unable to achieve synthesis by their own effort, they find what they crave for in Marx.”

Capitalism, Socialism, Democracy (47)