This man quoted an unnamed politician as saying "What businessmen do not understand is thatexactly as they are dealing in oil
This man quoted an unnamed politician as saying "What businessmen do not understand is thatexactly as they are dealing in oil so I am dealing in votes" as evidence for his "realistic theory" ofdemocracy. He argued the key figure in economic growth was motivated by "the dream to found aprivate kingdom," not rational self-interest. In a book that begins by considering four roles of KarlMarx, this man claims the success of capitalism in promoting a (*) "rationalistic individualism" willlead to its own undoing as a growing number of people no longer find it in their self-interest to supportsuch a system. He praised the role of entrepreneur for his role in the "creative destruction" that propeledthe economy. For 10 points, name this Austrian economist and author of Capitalism, Socialism andDemocracy.
This man quoted an unnamed politician as saying "What businessmen do not understand is thatexactly as they are dealing in oil
Joseph Alois Schumpeter