RGE - Europe EconoMonitor
The Austrian economist Joseph Schumpeter once wrote on Marx' economic theory that "...Marx' economic ideas are embedded into a variety of very hot (in German: "dampfende") phrases which gives them a temperature which is far from the own temperature" (from "Kapitalismus, Sozialismus und Demokratie", own translation). The same can be said about the structural reform debate in Germany.
Friday, November 09, 2007
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