Quoted:
I don't agree with Ayn Rand about everything. But there is much for everyone to learn from her views on liberty, socialism and economics.
The same things can be learned by reading Schumpeter, von Mises, Hayek and Hazlitt without wading through the rest of Rand's dubious views of morality.
The idea that she's some great and unique genius on economics is false. Her insights are fairly pedestrian.
I consider Schumpeter an underappreciated genuis of 20th Century thought. His ideas are fairly profound.
Schumpeter is the polar opposite of Rand.
Rand takes obvious ideas and puffs them up with a pompous false profundity (man as a self-defining moral being, really profound
).
Schumpeter takes some extremely profound ideas (creative destruction, for example) and understates their significance. It's a better approach, IMO.