Saturday, October 04, 2008

Works Cited

In 1919, [Joseph Schumpeter] agreed to join a commission on the nationalization of industry established by the new socialist German government. A young economist asked him how someone who had so extolled enterprise could take part in a commission whose aim was to nationalize it. "If someone wants to commit suicide," Schumpeter replied, "it is a good thing if a doctor is present."

Robert L. Heilbroner, The Worldly Philosophers

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