G'day, Michael,
Sez you:
Wow! Summers has discovered Schumpeter!
Geez, I'd love to know where Schumpeter says that stuff about monopoly
rents being requisite for investment! I'd missed that in my
vulture-pecking of the great man's corpus, and it'd fit some stuff I'm
writing on
It is a major theme of his Capitalism, Socialism and Democracy.
Rob Schaap wrote:
G'day, Michael,
Sez you:
Wow! Summers has discovered Schumpeter!
Geez, I'd love to know where Schumpeter says that stuff about monopoly
rents being requisite for investment! I'd missed that in my
Glad it was only a major theme - else I'd be a bit embarrassed at missing
it ...
Glowing redly,
Rob.
It is a major theme of his Capitalism, Socialism and Democracy.
Rob Schaap wrote:
G'day, Michael,
Sez you:
Wow! Summers has discovered Schumpeter!
Geez, I'd love to know where
very much so, but not to market research, but to market-oriented research.
Jim Devine wrote:
Bell Labs was a major innovator for many decades, but as soon as the
phone companies were broken up, Bell Labs switched to market research
from pure science or engineering.
so Lucent (nee Bell
Wow! Summers has discovered Schumpeter!
Eugene Coyle wrote:
Larry Summers has discovered "the new natural monopolies" -- where monopoly
profits are required to motivate investment. See his speech
in early May --
"The New Wealth of Nations"
Remarks by Treasury Secretary Lawrence H.
No. You can use it, but it's public domain. I'd appreciate acknowledgements if it's
that good. --jks
"... as usual with planned economies, no good and accurate
information was available." Oh, that's cruel! Oh, that's mean! I'm
going to have to remember that.
May I purchase intellectual
