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Heterodox Economists: Joseph Schumpeter

Ones and Tooze

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Schumpeter on Democracy and Elites

This chapter explores Schumpeter's view of democracy as a tool for elite selection rather than a reflection of popular will, while contrasting it with Carl Schmitt's perspective. Additionally, it examines Schumpeter's foreign policy insights and attitudes towards Imperial Japan during World War II, shedding light on his complex political identity.

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