The culture of economics

Intriguing summary of the writings of Galbraith and Schumpeter in which Schumpeter's emphasis on the "creative destruction" of the "aristocratic" entrepreneurial bourgeoisie wins out over the technocratic statism of Galbraith. But the author ultimately says that both great economists miss the point that economics swims in the sea of "culture" just as much as any other field does, so the emphasis on material production in some ways heads us down the wrong track and can ultimately undermine the very system that a Schumpeter is trying to promote.

http://reason.com/news/show/122024.html