ABSTRACT
Joseph Schumpeter's deeply felt religious sentiments and his relationship to both the Hasen and God remained unknown to his friends, who never suspected that he had any personal concern with religion. Schumpeter's religion seems to have helped smooth over the contradiction, acting as an antidote to the poisonous effects of depression. His religion was the solace that made his continued work possible. By 1947, the war was definitely in the past and Joseph Schumpeter was hard at work on the two projects that consumed him during the last years of his life: a new theory of development, which continued to frustrate him, and his history of economics. In December 1947, Schumpeter finally received partial reward for his many years of hard work. He was elected president of the American Economic Association, an honor long overdue. In 1948, he achieved the reward that comes to the outstanding in U. S. economics.
