tag:blogger.com,1999:blog-26706564.post7878892573292346576..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: Some More On Hayek And SraffaRobert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26706564.post-916623242709323382011-07-24T06:44:04.952-04:002011-07-24T06:44:04.952-04:00I think Schumpeter, like Keynes, allows for a grea...I think Schumpeter, like Keynes, allows for a greater role of money on the real economy than is typical of mainstream economics. Money is not merely a veil in either Schumpeter or Keynes. So I think we are in agreement.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-26611943239339034842011-07-13T17:30:04.009-04:002011-07-13T17:30:04.009-04:00I was struck reading Schumpeter's Business Cyc...I was struck reading Schumpeter's Business Cycles how central forced saving via inflation is to his vision of cycles and the investment process. It creates an interesting parallel with Keynes in that both agree that an increase in investment requires liquidity, i.e. financing by a bank or equivalent, but does not require any affirmative decision by someone to save or reduce current consumption. <br /><br />But I guess Schumpeter is not really an Austria, is he?JW Masonhttps://www.blogger.com/profile/10664452827447313845noreply@blogger.com