However, Schumpeter coined an expression Ricardian vice, which indicates that rigorous logic does not provide a good economic theory.
Klein identifies the "shock doctrine", elaborating on Joseph Schumpeter, as the latest in capitalism's phases of "creative destruction".
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Michaelides, P., Milios, J. and Vouldis, A. (2007), Emil Lederer and the Schumpeter, Hilferding, Tugan-Baranowsky Nexus, Research Workshop in Political Economy, International Initiative for the Promotion of Political Economy, organized by : University of London and University of Crete, Rethymnon, 14–16 September.