Schumpeter's Simile for Capitalist Mobility
(p. 156) In fact, the upper strata of society are like hotels which are indeed always full of people, but people who are forever changing.
Source:
Schumpeter, Joseph A. The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Translated by Redvers Opie. translation of 2nd German edition that appeared in 1926; translation first published by Harvard in 1934 ed. New Brunswick, NJ: Transaction Publishers, 1983.
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Posted by: Rev. Pfloyd
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November 10, 2011 5:20 PM