ABSTRACT
Schumpeter was a major social scientist, and remains so in the sense that his personality and his work continue their impact through his students, many of whom succeeded in joining the vanguard of modern economics; and through his books and essays, that have not lost any of their force as works of reference and as sources of ideas. There are several societies that carry his name, among them the International Joseph A. Schumpeter Society, the Vienna Schumpeter Gesellschaft, and the Graz Schumpeter Society. His likeness has never appeared on a banknote, as did that of his teacher Eugen von Böhm-Bawerk on a 100 Shilling banknote, but such honours are transient. Until quite a short time ago it was true that in the University of Graz, his early place of work, ‘one would look in vain for any sign commemorating one if its greatest scholars’ (Seidl 1982: 52). This has since changed, and even in the city the alert passer-by will now see a commemorative plaque at Parkstraße 17, where Schumpeter once lived.
