Schumpeter is important because he developed a theory of business cycles which puts its emphasis on industrial innovations rather than banking. Most business cycle theories put their emphasis the other way, and are essentially monetary. Maynard Keynes is just as much a monetary economist as Milton Friedman when he comes to his explanation of business cycles. This is surely an argument which is going to be reopened…
October 2nd, 2008 | William Rees-Mogg | 2 comments | Continued Our DR Global Editions: 
Saturday, January 10th, 2009
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The Markets
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Nzx 50 Index Gros 2757.41 +0.76
DJIA 8599.18 -143.28
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S&P 500 890.35 -19.38
Ftse 100 4448.54 -56.83
2009-01-09 00:10 Most Comments
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Pravin, I'm pretty certain that Unpopular was being sarcastic.
John | 10Jan09 | More -
I enjoyed that, pretty funny! Thanks!
John | 10Jan09 | More -
Dear Don, hi, I reckon that you should read these 2 books: Rich Dads prophecy- why the biggest stock market ...
christina | 10Jan09 | More -
huh?. war gets people to spend?. you are clearly oblivious to the horrendous destruction of wealth that war will bring ...
Pravin | 9Jan09 | More -
Great reading Dan! I and I'm sure many others will be tuning in next week.
Ross | 9Jan09 | More -
Good call! Well, except for the death part, but something I didn't consider thats for sure
Pete | 9Jan09 | More -
Sounds like we need a good old fashioned war to get people spending again.
Nothing makes people stop saving like the ...
Unpopular Truth | 9Jan09 | More -
Don. I assume that you are located in Australia. Seek out a several professional opinions (many preliminary consultations are ...
Coffee Addict | 9Jan09 | More -
Is it just me, or are they going about fixing this all backwards?!
Take my situation. 12 months ago I changed ...
mr. pete | 9Jan09 | More -
Hi Pete, Marc Faber is a long term bear and is worth listening to in my opinion. Mind you like ...
Greg Atkinson | 9Jan09 | More
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Pravin, I'm pretty certain that Unpopular was being sarcastic.
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