Tag Archives: joseph schumpeter

Schumpeter on Ideology

Schumpeter believed that, because people are fallible creatures, even the scientific method isn’t entirely objective. Ideology is reflected in, say, a scientist’s (or an economist’s) choice to research one topic instead of another, or the patterns they find (or miss) while interpreting the data:

“It embodies the picture of things as we see them, and wherever there is any possible motive for wishing to see them in a given rather than another light, the way in which we see things can hardly be distinguished from the way we wish to see them.”

-Joseph Schumpeter, History of Economic Analysis, p. 42

Setting a New Tone

People complain that the level of political discourse in America is lower than ever. That isn’t actually true if you look at the historical record. But the ratio of heat to light is still far too high.

Over at the Daily Caller, I share a bit of wisdom from the economist Joseph Schumpeter about how people can have a more constructive dialogue about the direction of the country.