ABSTRACT

This collection constitutes an examination of Schumpeter's legacy that is wider than any yet attempted. As one of the key economists of the twentieth century, Schumpeter's economics is viewed in the context of its relation to purer Austrian theories of the free market, Keynesian macroeconomics, the early neoclassicism of Marshall and Walras, and a persuasive argument made for its centrality to the discipline as a whole.

chapter |18 pages

Introduction

part |2 pages

Part I History of economic analysis

chapter 1|19 pages

Schumpeter and the old Austrian school

Interpretations and influences

chapter 2|26 pages

Schumpeter on Walras

part |2 pages

Part III Economic development and social change

chapter 6|19 pages

Innovation and business cycles

chapter 7|19 pages

The long-term perspective

Schumpeter’s prediction of the end of capitalism

part |2 pages

Part IV Entrepreneurship and competition

part |2 pages

Part V Money, banking and finance

chapter 11|20 pages

Money, banking and dynamics

Schumpeter vs Hayek

chapter 12|15 pages

Financing economic activity

Schumpeter vs Keynes