Essays of J. A. Schumpeter

Cambridge, Massachusetts: Addison-Wesley Press, Inc., 1951. Presumed First Edition, First printing thus. Hardcover. [8], 327, [1] pages. Footnotes. Some pages in two-column format. Addison-Wesley Press promotional material laid in. Cover has some wear and soiling. Name date and city of previous owner in ink on fep. Pervious owner was David Gene Reese, believed to the a former World Bank official and author of several books related to Africa and economics. Includes Preface, Acknowledgments, On the Concept of Social Value; The Explanation of the Business Cycle; Mitchell's Business Cycles; The Present World Depression: A Tentative Diagnosis; The Common Sense of Econometrics; Depressions: Can We Learn from Past Experience?; The Nature and Necessity of a Price System; Review of Robinson's Economics of Imperfect Competition; The Analysis of Economic Change; Professor Taussig on Wages and Capital; Review of Keynes's General Theory; The Influence of Protective Tariffs on the Industrial Development of the United States, Capitalism in the Postwar World; Capitalism; The Decade of the Twenties; The Creative Response in Economic History; Theoretical Problems of Economic Growth; There is Still Time to Stop Inflation; Economic Theory and Entrepreneurial History; Science and Ideology; The Communist Manifesto in Sociology and Economics; English economists and the State-Managed Economy; the Historical Approach to the Analysis of Business cycles; and Bibliography of the Writings of Joseph A. Schumpeter. Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an Austrian political economist. In 1932, he emigrated to the United States to become a professor at Harvard University, where he remained until the end of his career, and in 1939 obtained American citizenship. For some time after his death, Schumpeter's views were most influential among various heterodox economists, especially European, who were interested in industrial organization, evolutionary theory, and economic development, and who tended to be on the other end of the political spectrum from Schumpeter and were also often influenced by Keynes, Karl Marx, and Thorstein Veblen. Robert Heilbroner was one of Schumpeter's most renowned pupils, who wrote extensively about him in The Worldly Philosophers. In the journal Monthly Review, John Bellamy Foster wrote of that journal's founder Paul Sweezy, one of the leading Marxist economists in the United States and a graduate assistant of Schumpeter's at Harvard, that Schumpeter "played a formative role in his development as a thinker". Other outstanding students of Schumpeter's include the economists Nicholas Georgescu-Roegen and Hyman Minsky and John Kenneth Galbraith and former chairman of the Federal Reserve, Alan Greenspan. Future Nobel Laureate Robert Solow was his student at Harvard, and he expanded on Schumpeter's theory. Today, Schumpeter has a following outside standard textbook economics, in areas such as economic policy, management studies, industrial policy, and the study of innovation. Schumpeter was probably the first scholar to develop theories about entrepreneurship. For instance, the European Union's innovation program, and its main development plan, the Lisbon Strategy, are influenced by Schumpeter. The International Joseph A. Schumpeter Society awards the Schumpeter Prize. Condition: Good.

Keywords: Capitalism, Economic History, Economic Growth, Economic Theory, Entrepreneurial History, David Gene Reese, Social Value, Business Cycle, Econometrics, Taussig, Keynes, Tariffs, Inflation, Communism, State-Managed Economy

[Book #81861]

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