Joseph Schumpeter

Schumpeter, Joseph Alois

Joseph Alois Schumpeter (yō´zĕf ä´lōēs shŏŏm´pā´tər), 1883–1950, Austrian-American economist, LL.D. Univ. of Vienna, 1906. He began practicing law but turned to teaching two years later. He was professor of economics at the Univ. of Graz from 1911 to 1914 and at Bonn from 1925 to 1932, when he went to the United States; thereafter he was professor of economics at Harvard. He served (1919–20) as Austrian minister of finance. His major contributions to economics were the theory of the entrepreneur as the dynamic factor in fostering the business cycle and the theory of economic development of capitalism. His most important books are Theory of Economic Development (1911, in German; tr. 1934), Business Cycles (1939), Capitalism, Socialism, and Democracy (1942, 3d ed. 1950), and History of Economic Analysis (1954).

See study ed. by S. E. Harris (1951, repr. 1969).

The Columbia Encyclopedia, 6th ed. Copyright© 2015, The Columbia University Press.

Joseph Schumpeter: Selected full-text books and articles

Capitalism, Socialism, and Democracy By Joseph A. Schumpeter Routledge, 1994
Economic Doctrine and Method: An Historical Sketch By Joseph Schumpeter; R. Aris Oxford University Press, 1954
Marx, Schumpeter, & Keynes: A Centenary Celebration of Dissent By Suzanne W. Helburn; David F. Bramhall M.E. Sharpe, 1986
The Schumpeterian System By Richard V. Clemence; Francis S. Doody Addison-Wesley, 1950
Theories of Comparative Political Economy By Ronald H. Chilcote Westview Press, 2000
Librarian’s tip: "Schumpeter" begins on p. 200
Economics in the Long Run: New Deal Theorists and Their Legacies, 1933-1993 By Theodore Rosenof University of North Carolina Press, 1997
Librarian’s tip: Chap. 8 " The Schumpeterian Alternative"
Schumpeter's Legacy? Interaction and Emotions in the Sociology of Entrepreneurship By Goss, David Entrepreneurship: Theory and Practice, Vol. 29, No. 2, March 2005
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