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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: MeDroogies who wrote (3213)4/24/2001 11:21:54 AM
From: Ilaine  Read Replies (1) of 74559
 
Schumpeter, eh? You're the second person who's recommended Schumpeter to me in the space of a week or so. I may have to put my tail between my legs and retract the nasty things I said about him - perhaps I was misinformed.

While I was checking out the word "autodidactly," I came across the Autodidact's Journal, and found this, which perfectly expresses my criticism of Schumpeter, whom, I confess, I haven't actually read.

>>Every moment is absolutely unique. There are no similarities from one moment to the next. That we can abstract apparent similarities and put them to use is undeniable, but should not delude us into mistaking our abstractions for the Universe. ("You can't eat the menu" -- Robert Anton Wilson) Induction and pattern-recognition are useful tools but depend on throwing out nearly all of our information in order to be left only with that which we want -- and when we can't even find that, we change what we want. This latter process is called "learning".<<

monad.com

I liked it so much that I put the Wilson quote on my profile - and now you are telling me you like Schumpeter.

Some kind of strange synchronicity going on - guess I have to read some Schumpeter.

I'm muddling through the history of the Great Depression - we've been discussing it and other similar concepts on another thread -

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