ABSTRACT

Joseph Schumpeter's differences with the international, economic, political, and military policy of most of his colleagues mattered little after the war. Even the environment of Harvard University had changed, and, with the Keynesian intellectual victory, economics had almost ceased to be his beloved science, changing instead into a politico economic game he felt would surely backfire. Schumpeter had spent the war years almost as a monk, holed up in the Kress Library, searching economic theory for some useful truths. Doubly galling to Schumpeter was his belief that the world's esteem of John Maynard Keynes rested not on his ability as an economist, but on his being a leader, politician, and propagandist. Despite his ongoing depression and discouragement over what he perceived as a lack of sufficient progress in his research, Schumpeter continued to present the public visage of a sprightly and happy teacher.