Keynes x Schumpeter

The title of this post consists in one of the subjects presented during a seminar I attended today (UPDATE 4, by Infonomia). I’m mentioning it here because I think it is very powerful, and expresses an interesting approach for the context we’re living right now.

What does it mean? It means to apply the State capacity and its investment power and, simultaneously, to trust and leverage the energy of entrepreneurs. That is, it’s necessary to invest in roads and in trains as well as to foster the creative destruction and its innovative wave. This integrated (or hybrid) approach will generate wealth and employment, and disrupts the tradicional economic approaches, either predominantly keynesian or predominantly shumpeterian.