The Contradictions of Joseph Schumpeter

Is the title of Chapter X (10)  in The Worldly Philosophers by Robert L. Heilbroner a Touchstone Book  published by Simon & Schuster.  I have a copy of the revised seventh edition with a 1999 copyright.

For Schumpeter, capitalism was intrinsically dynamic and growth oriented.

Yet for all his faith in the inherent buoyancy of capitalism, Schumeter's long-term outlook was the exact opposite to the optimistic outlook of John Maynard Keynes.  Schumpeter, in an almost perversely teasing way, first maintained in "short run" capitalism would indeed trace a long climbing trajectory, adding that in these things, a century is a "short run".  But then came the disconcerting final judgment:  "Can capitalism survive? No.  I do not think that it can."

Any rational basis for American Exceptionalism must be based on the different economic system we have in the United States.

Schumpeter's dynamism creates problems for equilibrium models.