... Because of the bad economic situation in postwar Austria, it is difficult to assess Schumpeter's performance as a businessman. On the one hand, he made a great deal of money during the early part of his new career, and that was an impressive achievement. On the other hand, he lacked the cold-blooded sense of timing that characterizes superior money managers. Reluctant to unload his stocks as their value fell, he remained loyal to failing firms -especially the entrepreneurial companies for which he had a personal affinity as well as financial stake.
In the end, the experience of making and the losing large sum of money taught him more than books ever could about issues vital to his research. He later wrote that in capitalist economies, rewards and punishments for good and bad judgment come quickly and cruelly. "Prizes and penalties are measured in pecuniary terms. Going up and going down means making and losing money... the promises of wealth and threats of destitution that (this system) holds out, it redeems with ruthless promptitude." Unlike most academics, he knew this things first-hand. Just as his time in the Finance Ministry exposed him to the dilemmas of politics, his years in business gave him a direct education in the nature of capitalism...
El libro es Prophet of Innovation: Joseph Schumpeter and Creative Destruction de Thomas K. McCraw, profesor de la Escuela de Negocios de la Universidad de Harvard.
No es por nada, pero Schumpeter es uno de los tres mas grandes economistas del siglo pasado y sus textos son, a la fecha, los mejores análisis que se han escrito sobre la naturaleza y dinámica del capitalismo.
¿Que es la destrucción creativa?
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