Notes on the North-American Expansion in the Investment Market (2)

The article discusses Schumpeter’s theses about the entrepreneur’s role and his market power. Schumpeter’s theory of profit and business enterprise is positively surveyed. Limits are set to the possibility of bank credit creation and of forced saving to provide entrepreneurs with an unbounded command over production. Finally, D. admits that, from a theoretical point of view, it would be possible to foster a continuous expansion of investments financed only by pure credit, either under a fiat money system or thanks to effective international coordination under a fixed exchange rates regime.