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Joseph Alois Schumpeter
Joseph Alois Schumpeter is arguably the most important economist of the 20th century. Most readers are familiar with his Theory of Economic Development and his classic Capitalism, Socialism and Democracy. Less well-known are his seminal works published before he left Europe for the United States in 1942. In particular for the first time the missing Chapter Seven of his Theory of Economic Development has been published in this volume. It tries to put Economic Development into the broader context of culture, law and policy. Many of his earlier writings display a similar integrative approach and are therefore often treated as sociological writings. As Capitalism, Socialism and Democracy shows, he did not dissociate the different social sciences in his own mind but rather strove to keep the unity of the social sciences. Entrepreneurship, style and vision are the unifying concepts of his work.
The Founding Texts of Economics
Smith’s Wealth of Nations, Marx’s Capital, and Keynes’s General Theory are three paradigmatic texts which are foundational to any study of economics or political economy. Although they have long been abundantly quoted and commented on, these “Great Books” paradoxically are being read less and less, as the price of their success. The aim of this book is to encourage the reader to re-read these Texts, by providing “theoretical and conceptual entries” in the spirit of a reasoned dictionary. Hence the return to these works in the text, in statu nascendi, to shed light on their complexities, to loosen the imperialism of received ideas, and to underline their topicality from a theore...
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