Capitalism, Socialism and Democracy by Joseph A. Schumpeter

He is also an emeritus professor of economics with the Naval Postgraduate School and a research fellow with the Hoover Institution at Stanford University. Author, Joseph Alois Schumpeter Edition, 2, revised Publisher, Harper & brothers, 1947 Original from, the University of Michigan Digitized, Dec 12, 2009.

Henderson is the editor of The Concise Encyclopedia of Economics. Schumpeter (1883-1950) served as Austrias first finance minister, made and lost a fortune as an investment banker, and taught economics for many years at Harvard. Schumpeter was president of the American Economic Association in 1948.ĭavid R. Capitalism, Socialism, and Democracy by Joseph Schumpeter - Capitalism, Socialism and Democracy remains one of the greatest works of social theory written. Translated into at least sixteen languages, it still sells widely in. In that same year he accepted a permanent position at Harvard, where he remained until his retirement in 1949. Capitalism, Socialism, and Democracy was Schumpeters most popular success by far. With the rise of Hitler, Schumpeter left Europe and the University of Bonn, where he was a professor from 1925 until 1932, and emigrated to the United States. In 1911 Schumpeter took a professorship in economics at the University of Graz.

He was one of the more promising students of Friedrich von Wieser and Eugen von Böhm-Bawerk, publishing at the age of twenty-eight his famous Theory of Economic Development. Born in Austria to parents who owned a textile factory, Schumpeter was very familiar with business when he entered the University of Vienna to study economics and law.

Capitalism, Socialism and Democracy by Joseph A. Schumpeter