The renowned economist Joseph A. Schumpeter (1883-1950) made
seminal contributions not only to economic theory but also to
sociology and economic history. His work is now attracting wide
attention ...among sociologists, as well as experiencing a remarkable
revival among economists. This anthology, which serves as an
excellent introduction to Schumpeter, emphasizes his broad
socio-economic vision and his attempt to analyze economic reality
from several different perspectives. An ambitious introductory
essay by Richard Swedberg uses many new sources to enhance our
understanding of Schumpeter's life and work and to help analyze his
fascinating character. This essay stresses Schumpeter's ability to
draw on several social sciences in his study of capitalism. Some of
the articles in the anthology are published for the first time. The
most important of these are Schumpeter's Lowell Lectures from 1941,
"An Economic Interpretation of Our Time." Also included is the
transcript of his lecture "Can Capitalism Survive?" (1936) and the
high-spirited debate that followed. The anthology contains many of
Schumpeter's classical sociological articles, such as his essays on
the tax state, imperialism, and social classes. And, finally, there
are lesser known articles on the future of private enterprise, on
the concept of rationality in the social sciences, and on the work
of Max Weber, with whom Schumpeter collaborated on several
occasions.
In this major scholarly study of the life of Joseph A. Schumpeter, one of the great intellectual figures of the twentieth century, the distinguished economist Wolfgang Stolper delves into the mind of ...his former teacher, exploring the development of his ideas and, especially, their influence on politics and public policy. After reflecting briefly on Schumpeter the man, Stolper explains the evolution of Schumpeter's work, particularly his insights during the 1920s on public finance, his contributions to monetary theory and the study of business cycles, and his writings on socialism. Stolper goes on to desribe and evaluate Schumpeter's public activities following World War I and his role as a finance minister, placing the development of his thought in the turbulence political context of his times. Drawing on a vast array of new and exciting sources, Stolper paints a portrait of his mentor as a decent, ambitious, and complex man whose many insights into economy and society found their way outside of the academy and into the practical world of economic policy. All readers interested in the history of economic thought and twentieth-century political and intellectual history will find this book invaluable. Wolfgang Stolper is Professor Emeritus of Economics at the University of Michigan. He is author of The Structure of the East German Economy and Planning Without Facts and has made seminal contributions to international economics.
Originally published in 1994.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
With this book, Mark Metzler continues his investigation into the economic history of twentieth-century Japan that he began inLever of Empire. InCapital as Will and Imagination, he focuses on the ...successful stabilization of Japanese capitalism after the Second World War. How did a defeated and heavily damaged nation manage reconstruction so rapidly? What economic beliefs resulted in the "miracle" years of high-speed economic growth? Metzler argues that the inflationary creation of credit was key to Japan's postwar success-and its eventual demise due to its instability over the long term.
To prove his case, Metzler explores heterodox ideas about economic life , in particular Joseph Schumpeter's realization that inflation is intrinsic to capitalist development. Schumpeter's ideas, widely ignored within standard American neoclassical economic theory, were shaped by his experience of Austria's reconstruction after 1918. They were highly influential in Japan, and Metzler traces their impact in the period from the Allied Occupation, starting in 1945, through the Income Doubling Plan of 1960. Japan after defeat, Metzler argues, illustrates the critical importance of inflationary credit creation for increased production.
Schumpeter's profoundly influential work developed the notion of the endogeneity of technology, and offered illuminating historical analyses of how and why some social systems have managed to ...generate innovation. This new interpretation explores Schumpeter's central ideas, and examines the ways in which the concept of endogeneity can illuminate recent American economic history.
'As ever, Rosenberg's latest work shows his unerring grasp of the valuable and the insightful.' - Prof. G.N. von Tunzelmann, Research Policy
Drawing on all of Schumpeter's writings, including many intimate diaries and letters, this biography paints the full portrait of a magnetic figure who aspired to become the world's greatest ...economist, lover, and horseman - and admitted to failure only with the horses.
This collection constitutes an examination of Schumpeter's legacy that is wider than any yet attempted. As one of the key economists of the twentieth century, Schumpeter's economics is viewed in the ...context of its relation to purer Austrian theories of the free market, Keynesian macroeconomics, the early neoclassicism of Marshall and Walras, and a persuasive argument made for its centrality to the discipline as a whole.
Introduction 1. History of Economic Analysis 2. Methodology 3. Economic Development and Social Change 4. Entrepreneurship and Competition 5. Money, Banking and Finance
