quinta-feira, 13 de novembro de 2014

Schumpeter e Keynes

  • And at the end of his review of Keynes’s “The General Theory” (“Journal of the American Statistical Association” [Dec. 1936,] pp. 791-795) Joseph A. Schumpeter concluded:

    “Let him who accepts the message there expounded [in ‘The General Theory’] rewrite the history of the French ‘ancien regime’ in some such terms as these: Louis XV was a most enlightened monarch. Feeling the necessity of stimulating expenditure he secured the services of such expert spenders as Madame de Pompadour and Madame du Barry. They went to work with unsurpassable efficiency. Full employment, a maximum of resulting output, and general well-being ought to have been the consequence. It is true that instead we find misery, shame and, at the end of it all, a stream of blood. But that was a chance coincidence.’

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