Tag: Joseph Schumpeter

The Civilian and the Military: Foreword by Ralph Raico »

The following is the Foreword to the Independent Institute’s new printing of The Civilian and the Military: A History of the American Antimilitarist Tradition, by Arthur A. Ekirch, Jr. See also Anthony Gregory’s review on The Beacon. In 1783 a treaty ending hostilities between Great Britain and its rebellious colonies along the eastern seaboard...
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Do We Take Miracles of Capitalism for Granted? »

Joseph Schumpeter, in his 1943 book Capitalism, Socialism, and Democracy, was concerned that the people who benefit most from a capitalist economy take its benefits for granted, and cannot be counted on to defend capitalism against its attackers. This would lead to capitalism’s eventual collapse. This seemed plausible in 1943, but less plausible in...
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