ABSTRACT

This is the fortieth anniversary of the original publication of Schumpeter's History of Economic Analysis. I Routledge, which holds the distribution rights exNorth America, has brought out a new printing and asked me to prepare an introduction for it.2 To dispose of my introduction quickly, let me say that it has five parts. The first two summarize Schumpeter's place in the history of economic thought, and the place of the history of economic thought in Schumpeter's own work. The third summarizes in moderate detail the contents of the book. The fourth surveys the critical reviews given the book, principally the opinions of George Stigler, Frank H. Knight, I.M.D. Little, Lionel Robbins, Mark Blaug, Ronald Meek, and Jacob Viner. And in the fifth section, I give my own assessment, an assessment which takes account of what others have thought, but which goes somewhat beyond their reactions.