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Joseph Schumpeter - History of Economic Analysis

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Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.

Joseph Schumpeter

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In short, is not liberty the freedom of every person to make full use of his faculties, so long as he does not harm other persons while doing so?
Frédéric Bastiat

Joseph Schumpeter

Joseph Schumpeter
Creative Commons

Born: February 8, 1883
Died: January 8, 1950 (aged 66)
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