CHAPTER TWELVE
Modern Prophets
Schumpeter or Keynes?
THE TWO GREATEST ECONOMISTS of this century, Joseph A. Schumpeter and John Maynard Keynes, were born, only a few months apart, a hundred years ago: Schumpeter on February 8, 1883, in a provincial Austrian town; Keynes on June 5, 1883, in Cambridge, England. (And they died only four years apart—Schumpeter in Connecticut on January 8, 1950, Keynes in southern England on April 21, 1946.) The centenary of Keynes’s birth is being celebrated with a host of books, articles, conferences, and speeches. If the centenary of Schumpeter’s birth were noticed at all, it would be in a small doctoral seminar. ...
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