masters who fought World War

masters who fought World War I and wanted to realize a better system in the 1920s

<Economic History of the 20th Century> Chapter 6. The Roaring Twenties

1) Joseph Schumpeter – Making use of technological progress in reality will inevitably increase capital intensity, which will lead to bureaucracy, and creative destruction of economic and other social organizational patterns is needed to keep this in check. And he argued that society should change in a way that emphasizes the role of innovative entrepreneurs while providing space and opportunity for creative destruction

2) Karl Popper – a claim that liberalism and all forms of freedom should be further strengthened to create a truly open society

3) Peter Drucker – An economic plan of laissez-faire market or real socialism cannot harmonize freedom, entrepreneurship, cooperation, and organization. In order to achieve harmony of perspectives and allow people to work together efficiently to some extent, persuasion in the form of management and management is required

4) Michael Polanyi – A holistic centralization is just a fiction, and society doesn't need it. Society needs decentralized trust-based organizations that focus on promoting knowledge of theory and practice, as well as markets, which are decentralized commercial systems. These organizations gain social status by teaching others modern science, engineering knowledge, legal interpretation, high-level journalism, and ground-based politics. They also follow rules that have been created to promote not only the private interests and freedoms of the participants, but also the wider public interest and freedom of public announcement