----- Original Message ----- From: "Devine, James" <[EMAIL PROTECTED]>
> > What was Schumpeter's quote about the rationality developed > within capitalism turning against the rationality *of* > capitalism? I don't know that line, but PK sounds more like the growing view (e.g., of Stiglitz) that capitalism needs a lot of supporting institutions (e.g., good accounting) to keep it going. =============== Here's one of Schumpeter's assertions from C,S & D; its not the exact one I was thinking of which I haven't tracked down in my papers yet but it's close to it and springs from the same issues: "Thus the modern corporation, although the product of the capitalist process, socializes the bourgeois mind; it relentlessly narrows the scope of capitalist motivations; not only that, it will eventually kill its roots." (Schumpeter 1942, p. 156.) Ian
