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Quotation of the Day…

Posted By Don Boudreaux On March 1, 2013 @ 7:17 am In Civil Society,Complexity & Emergence,History | Comments Disabled

… is from page 128 of the 1975 HarperPerennial printing of the third (1950) edition of Joseph Schumpeter [1]‘s remarkable 1942 volume, Capitalism, Socialism, and Democracy [2]:

It is true that, unlike most but like some other features of capitalist civilization, pacifism and international morality have also been espoused in non-capitalist environments and by pre-capitalist agencies, in the Middle Ages by the Roman Church for instance.  Modern pacifism and modern international morality are nonetheless products of capitalism.

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[1] Joseph Schumpeter: http://www.econlib.org/library/Enc/bios/Schumpeter.html

[2] Capitalism, Socialism, and Democracy: http://www.amazon.com/Capitalism-Socialism-Democracy-Third-Edition/dp/0061561614/ref=la_B000AP9F38_1_1?ie=UTF8&qid=1342962851&sr=1-1

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