Tag - Joseph Schumpeter

Books

The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle

– With Opie, Redvers, Cambridge, Massachusetts: Harvard University Press, 1934, xii, 255 pp.; New Brunswick, New Jersey: Transaction, 1983, xiv, 255 pp.

From Harvard University Press: Joseph A. Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism… More

Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process

– New York: McGraw-Hill, 1939; Eastford, Connecticut: Martino, 2005.

Capitalism, Socialism and Democracy

– New York: Harper & Brothers, 1942, x, 381 pp.; New York: Harper Perennial Modern Thought, 2008, xxxii, 431 pp.

From Harper & Brothers: Capitalism, Socialism and Democracy is one of the great classics in twentieth century social science. What makes Schumpeter’s book so brilliant are three… More

Rudimentary Mathematics for Economists and Statisticians

– With Crum, William Leonard, New York, McGraw-Hill, 1946, xi, 183 pp.

Excerpt: The objective of this book is to present rudimentary ideas and operations essential to any effective mathematical reasoning by economists and statisticians.

Imperialism and Social Classes

– New York: A.M. Kelly, 1951, xxv, 221 pp.; Eastford, Connecticut: Martino, 2014, 248 pp.

From Amazon: Joseph Schumpeter was not a member of the Austrian School, but he was an enormously creative classical liberal, and this 1919 book shows him at his best. He presents a theory… More

Ten Great Economists: From Marx to Keynes

– New York: Oxford University Press, 1951, xiv, 305 pp.; San Diego, California: Simon, 2003, xiv, 305 pp.

Brilliant evaluations of the men most influential in shaping economic thought: Marx, Walras, Menger, Marshall, Pareto, Bohm-Bawerk, Taussig, Fisher, Mitchell and Keynes, In the Appendix:… More

Economic Doctrine and Method: An Historical Sketch

– New York: Oxford University Press, 1954, 207 pp.; London: Routledge, 2003, 207 pp.

Beginning with a survey of economic thought from Aristotle to modern times, this book goes on to trace the development of the concept of the circular flow of economic forces. The final… More

History of Economic Analysis

– New York: Oxford University Press, 1954, xxv, 1260 pp.; New York: Oxford University Press, 1996, 1320 pp.

From Oxford University Press: At the time of his death in 1950, Joseph Schumpeter – one of the great economists of the first half of the 20th century – was working on his monumental… More

The Nature and Essence of Economic Theory

– McDaniel, Bruce A. (trans.), New Brunswick, New Jersey: Transaction, 2009, 490 pp.

From Amazon: In a tribute to Joseph A. Schumpeter, a great figure in the history and development of economics, this work brings together for publication his brilliantly crafted lectures… More

Treatise on Money

– Mann, Fritz Karl (ed.), Alvarado, Ruben (trans.), Aalten, Netherlands: Wordbridge, 2014, xxxviii, 335 pp.

From Amazon: Together with John Maynard Keynes and Milton Friedman, Joseph Schumpeter is regarded as one of the three greatest economists of the 20th century. And yet, his actual economic… More

Essays

The Crisis of the Tax State

– "The Crisis of the Tax State." (1908). In Swedberg, Richard (ed.), The Economics and Sociology of Capitalism. Princeton, New Jersey: Princeton University Press, 1991, 99-140.

Max Weber’s Work

– "Max Weber's Work." (1920). In Swedberg, Richard (ed.), The Economics and Sociology of Capitalism. Princeton, New Jersey: Princeton University Press, 1991, 220-229.

Depressions: Can We Learn From Past Experience?

– "Depressions: Can We Learn From Past Experience?" (1934). In Schumpeter, Joseph, et al. The Economics of the Recovery Program. New York, New York: McGraw-Hill, 1934, 3-21.

The Nature and Necessity of a Price System

– "The Nature and Necessity of a Price System." In Harris, Seymour E. and Edward M. Bernstein (eds.), Economic Reconstruction. New York: McGraw-Hill, 1945.

Professor Taussig on Wages and Capital

– "Professor Taussig on Wages and Capital." In Taussig, Frank W., Explorations in Economics: Notes and Essays Contributed in Honor of F.W. Taussig. New York: McGraw-Hill, 1936, 213-222.

Capitalism in the Postwar World

– "Capitalism in the Postwar World." In Harris, Seymour E., Postwar Economic Problems. New York: McGraw-Hill, 1943.

Capitalism

– "Capitalism." In Beto, William (ed.), Encyclopædia Britannica. Chicago: University of Chicago Press, 1946.

There is Still Time to Stop Inflation

– "There is Still Time to Stop Inflation." (1948). In Schumpeter, Joseph. Richard V. Clemence (ed.), Essays: On Entrepreneurs, Innovations, Business cycles, and the Evolution of Capitalism, Volume 1. New Brunswick, New Jersey, Transaction, 2009, 241-252.

Economic Theory and Entrepreneurial History

– "Economic Theory and Entrepreneurial History." In Wohl, R. R., Change and the Entrepreneur: Postulates and the Patterns for Entrepreneurial History. Cambridge, Massachusetts: Harvard University Press, 1949.

The Historical Approach to the Analysis of Business Cycles

– "The Historical Approach to the Analysis of Business Cycles." NBER Conference on Business Cycle Research. Chicago: University of Chicago Press, 1951.

Commentary

Joseph Schumpeter as an Analyst of Sociology and Economic History

– Deutsch, Karl W. "Joseph Schumpeter as an Analyst of Sociology and Economic History." The Journal of Economic History. Vol. 16, No. 1. March 1956, 41-56.

Joseph Alois Schumpeter

– Kisch, Herbert. "Joseph Alois Schumpeter." Journal of Economic Issues. Vol. 13, No. 1. March 1979.

Schumpeter Centenary

– "Schumpeter Centenary." The Economist. November 19, 1983.

Excerpt: The centenary of Joseph Schumpeter’s birth has not brought forth an avalanche of academic tributes and retrospectives. There is no Schumpeter industry to compare with the one… More

Breaking Out of the Walrasian Box: The Cases of Schumpeter and Hansen

– Rothbard, Murray N. "Breaking Out of the Walrasian Box: The Cases of Schumpeter and Hansen." The Review of Austrian Economics. Spring 1987.

Excerpt: Since World War II, mainstream neoclassical economics has followed the general equilibrium paradigm of Swiss economist Leon Walras (1834-1910). Economic analysis now consists of… More

Opening Doors: The Life and Work of Joseph Schumpeter: Europe (Volume 1)

– Allen, Robert Loring. Opening Doors: the Life and Work of Joseph Schumpeter: Europe (Volume 1). New Brunswick, New Jersey: Transaction, 1991.

From Amazon: The author puts this book in the best possible context by referring to the “magisterial and paradoxical Dr. Schumpeter.” A figure in a rare class with John Maynard… More

Opening Doors: The Life and Work of Joseph Schumpeter: America (Volume 2)

– Allen, Robert Loring. Opening Doors: the Life and Work of Joseph Schumpeter: America (Volume 2). New Brunswick, New Jersey: Transaction, 1991.

From Amazon: The author puts this book in the best possible context by referring to the “magisterial and paradoxical Dr. Schumpeter.” A figure in a rare class with John Maynard… More

Schumpeter Ascending

– McCraw, Thomas K. "Schumpeter Ascending." The American Scholar. Vol. 60, No. 3. Summer 1991, 371-392.

Abstract: Profiles Joseph Schumpeter, Harvard economist and contemporary of John Maynard Keynes. Born in 1883 in Triesch, Moravia and educated in Europe; His arrival at Harvard in the early… More

Schumpeter’s Curious Politics

– Semmel, Bernard. "Schumpeter’s Curious Politics." The Public Interest. Iss. 106. Winter 1992.

Excerpt: The Austro-German economist and social theorist Joseph A. Schumpeter, who in the 1930s became professor of economics at Harvard and a U.S. citizen, has often been described as… More

His Secret Life

– Heilbroner, Robert L. "His Secret Life." The New York Review of Books. May 14, 1992. (Review of Opening Doors: The Life and Work of Joseph Schumpeter Volume 1: Europe Volume 2: America, by Robert Loring Allen and Schumpeter: A Biography, by Richard Swedberg.)

Excerpt: My serious studies in economics did not begin until the fall of 1939, my last year at Harvard, when I took a course with Alvin Hansen in which we wrestled with the problem of… More

Schumpeter: A Biography

– Swedberg, Richard. Schumpeter: A Biography. Princeton, New Jersey: Princeton University Press, 1992.

From Amazon: This widely admired intellectual biography of Joseph Schumpeter (1883-1950) follows his career from his immensely creative and productive youth in Austria-Hungary to the… More

Joseph A. Schumpeter and The Theory of Democracy

– Elliott, John E. "Joseph A. Schumpeter and The Theory of Democracy." Review of Social Economy. Vol. 52, No. 4. Winter 1994, 280-300.

The Limited Rationality of Democracy: Schumpeter as the Founder of Irrational Choice Theory

– Prisching, Manfred. "The Limited Rationality of Democracy: Schumpeter as the Founder of Irrational Choice Theory." Critical Review. Vol. 9, Iss. 3. 1995, 301-324.

Abstract: Joseph Schumpeter’s work has been all too selectively appropriated by public choice theorists. Schumpeter criticized the high level of rationality the classical model of… More

Schumpeter, the New Deal, and Democracy

– Medearis, John. "Schumpeter, the New Deal, and Democracy." The American Political Science Review. Vol. 91, No. 4. December 1997, 819-832.

Abstract: Joseph Schumpeter is known to American political scientists as the originator of an elite conception of democracy as a political “method,” a conception found in his… More

The Place of Human Action in the Development of Modern Economic Thought

– Salerno, Joseph T. "The Place of Human Action in the Development of Modern Economic Thought." The Quarterly Journal of Austrian Economics. Vol. 2, No. 1. Spring 1999, 35-66.

Excerpt: The core of any system of economic theory is the explanation of how prices are determined. As Mises (1998, p. 235) himself put it, “Economics is mainly concerned with the… More

Capitalism, Socialism, and Irony: Understanding Schumpeter in Context

– Muller, Jerry Z. "Capitalism, Socialism, and Irony: Understanding Schumpeter in Context." Critical Review. Vol. 13, Iss. 3-4. 1999.

Abstract: The significance of the major claims of Joseph Schumpeter’s best‐known work, Capitalism, Socialism and Democracy, have often been misunderstood by readers unattuned to its… More

Joseph Schumpeter’s Two Theories of Democracy

– Medearis, John. Joseph Schumpeter's Two Theories of Democracy. Cambridge, Massachusetts: Harvard University Press, 2001.

From Harvard University Press: This book offers the first full-length treatment of Joseph Schumpeter’s political thought. Schumpeter’s theory of democracy as a competition among elites… More

The Father of Creative Destruction

– Rose, Frank. "The Father of Creative Destruction." Wired. March 2002.

Excerpt: Adam Smith, make room: Joseph Schumpeter has come to Washington. Capital policy wonks may not yet be wearing Schumpeter ties, but the Harvard economist’s ideas are cited by… More

Modernization and Its Political Consequences: Weber, Mannheim, and Schumpeter

– Blokland, Hans. Van Weesep, Nancy Smyth (trans.). Modernization and Its Political Consequences Weber, Mannheim, and Schumpeter. New Haven, Connecticut: Yale University Press, 2006.

Excerpt: Joseph Alois Schumpeter (1883–1950) is one of the greatest social scientists of the twentieth century. Only Max Weber and his renowned rival John Maynard Keynes might compete… More

Mr. Creative Destruction

– Kosar, Kevin R. "Mr. Creative Destruction." The Weekly Standard. Vol. 12, No. 35. May 28, 2007. (Review of Prophet of Innovation: Joseph Schumpeter and Creative Destruction, by Thomas K. McCraw.)

Excerpt: Economics, Carlyle famously grumbled, is the “dismal science.” With few exceptions (Adam Smith, Milton Friedman), its practitioners are little known to non-economists,… More

Prophet of Innovation: Joseph Schumpeter and Creative Destruction

– McCraw, Thomas K. Prophet of Innovation: Joseph Schumpeter and Creative Destruction. Cambridge, Massachusetts: Harvard University Press, 2007.

From The New Yorker: In 1939, the economist Joseph Schumpeter wrote that “the history of capitalism is studded with violent bursts and catastrophes” that, while ultimately… More

Joseph Schumpeter and the German Historical School

– Michaelides, Panayotis G. and John G. Milios. "Joseph Schumpeter and the German Historical School." Cambridge Journal of Economics. Vol. 33, No. 3. May 2009.

Abstract: So far Schumpeter’s affinities with the German Historical School (GHS) have been inadequately acknowledged or even unexplored in major accounts of Schumpeter’s work.… More

Schumpeter’s Moment

– Schramm, Carl. "Schumpeter's Moment." The Wall Street Journal Europe. May 29, 2009.

Excerpt: We continue to be in the middle of a frightening economic drama, one that is putting the core tenets of modern capitalism at the center of the global debate. That is an important… More

Keynes, Schumpeter and the Great Post-War Mistake

– Nasar, Sylvia. "Keynes, Schumpeter and the Great Post-War Mistake." Bloomberg. September 8, 2011.

Excerpt: In January 1919, as the Allied leaders met in Paris to hammer out a treaty ending World War I, famine and pestilence raged from St. Petersburg to Istanbul. To the Britons and… More

Schumpeter in the White House

– Sorman, Guy. "Schumpeter in the White House." City Journal. Spring 2012.

Excerpt: The 2012 presidential race will be, in part, a showdown between two different models of economic growth. President Barack Obama and his Democratic administration will defend the… More

Joseph A. Schumpeter: Historian of Economics: Perspectives on the History of Economic Thought

– Moss, Laurence S. (ed.). Joseph A. Schumpeter: Historian of Economics: Perspectives on the History of Economic Thought. London: Routledge, 2013.

From Amazon: Joseph A. Schumpeter was one of the great economists of the twentieth century. His History of Economic Analysis is perhaps the greatest contribution to the history of… More

Joseph A. Schumpeter

– Medearis, John. Joseph A. Schumpeter. London: Bloomsbury Academic, 2013.

From Amazon: Joseph Schumpeter (1883-1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of “creative… More

Schumpeter Got Innovation Wrong, and Other Myth-Busting Ideas from a Nobel Prize Economist

– Bowyer, Jerry and Edmund S. Phelps. "Schumpeter Got Innovation Wrong, and Other Myth-Busting Ideas from a Nobel Prize Economist." Forbes. January 20, 2014.

Excerpt: Edmund, Ned, Phelps certainly did not need to write Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change to make a name for himself. His work on labor… More

What Exactly is an Entrepreneur?

– "What Exactly is an Entrepreneur?" The Economist. February 16, 2014.

Excerpt: Entrepreneurs are everybody’s favourite heroes. Politicians want to clone them. Popular television programmes such as “The Apprentice” and “Dragons’… More

Schumpeter’s Heirs

– Rose, Gideon. "Schumpeter's Heirs." Foreign Affairs. January/February 2015.

Excerpt: The Austrian economist Joseph Schumpeter put entrepreneurs at the center of his model of capitalism. Innovation was crucial to dynamism and growth, he argued, and entrepreneurs… More

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