There is little reason to believe that this socialism will mean the advent of the civilization of which orthodox socialists dream. It is much more likely to present fascist features. That would be a strange answer to Marxs prayer. But history sometimes indulges in jokes of questionable taste.
— Joseph Alois Schumpeter, Capitalism, Socialism, and Democracy [1942]
- Joseph A. Schumpeter, 1883-1950
History of Economic Thought - Joseph Alois Schumpeter (1883-1950)
Library of Economics and Liberty - Joseph Schumpeter Short Bio
Wikipedia - On the Concept of Social Value
by Joseph Schumpeter
McMaster University