# Schumpeter theorem

- Canonical URL: https://www.gerhardmerk.de/schumpeter-theorem-2
- Post ID: 588415
- Modified: 2023-07-25T21:12:38+00:00
- Language: en

## Definition

In a democratic party state, it is not possible to build up a budget reserve in the long run because the desires of the various interest groups (lobbyists: groups that influence public opinion, parliaments and government on behalf of special interests) are too strong. The Austrian national economist Joseph A. Schumpeter (1883-1950) is credited with the statement: a dog is more likely to stockpile sausages than a democratic government is to build up a budget reserve. - See hardship fund, disaster fund, shadow state, treasury, stability and growth pact. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1