Joseph A. Schumpeter

by jh

Ur Business Cycles. En rörig bok, men också väldigt insiktsfull.

It is important for the functioning of the system that the banker should know, and be able to judge, what his credit is used for and that he should be an independent agent. To realize this is to understand what banking means.

One of the results of our historical sketch will, in fact, be that the failure of the banking community to function in the way required by the structure of the capitalist machine accounts for most of the events which the majority of observers would call catastrophes.

Alike in this respect to economists, bankers are worth their salt only if they make themselves thoroughly unpopular with governments, politicians, and the public.

Man får väl ändå säga att ovanstående rader har åldrats ganska väl.

En klok man.