ABSTRACT

Joseph Schumpeter's diary records his plans and his daily activities in many cases. But, more important, it reveals what he thought about many different subjects—subjects that received different treatment in his public life. With Schumpeter struggling to complete the cycles book, trying to develop a new economic theory, maintaining his heavy teaching schedule, and adjusting to married life again, no one would have guessed that he continued holding on to his private and secret life. While adjusting to a new domestic routine that fall, Squire Schumpeter taught three courses in economic theory, a trying chore even for an experienced theory teacher. Most of the personal material centered around the intellectual activities of life, with the amount of commentary on his personal relations with others being modest. Schumpeter passed on the basic economic theory course to Professors Chamberlin and Leontief because he did not enjoy teaching the basic course and was not especially good at it.