Joseph Alois Schumpeter: The Public Life of a Private Man
424
Joseph Alois Schumpeter: The Public Life of a Private Man
424Paperback(Reprint)
-
PICK UP IN STORECheck Availability at Nearby Stores
Available within 2 business hours
Related collections and offers
Overview
Drawing on a vast array of new and exciting sources, Stolper paints a portrait of his mentor as a decent, ambitious, and complex man whose many insights into economy and society found their way outside of the academy and into the practical world of economic policy. All readers interested in the history of economic thought and twentieth-century political and intellectual history will find this book invaluable.
Wolfgang Stolper is Professor Emeritus of Economics at the University of Michigan. He is author of The Structure of the East German Economy and Planning Without Facts and has made seminal contributions to international economics.
Originally published in 1994.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Product Details
| ISBN-13: | 9780691607665 |
|---|---|
| Publisher: | Princeton University Press |
| Publication date: | 01/15/2019 |
| Series: | Princeton Legacy Library , #5257 |
| Edition description: | Reprint |
| Pages: | 424 |
| Product dimensions: | 8.00(w) x 10.00(h) x (d) |
About the Author
Table of Contents
FOREWORD: JOSEPH A. SCHUMPETER, BY GOTTFRIED HABERLER xiii
ACKNOWLEDGMENTS xvii
CHAPTER 1 The Aim of This Biography 3
The Structure of This Book 4
CHAPTER 2 A Brief Curriculum Vitae 6
Aspects of Schumpeter's Personality 8
Was Schumpeter Anti-Semitic? 10
Schumpeter as Feminist 13
Lack of Character, Jealousy of Keynes, Lack of Seriousness? 13
Schumpeter's "Iran-Gate"? 18
PART I: THE THEORETICAL BASES OF ECONOMIC POLICY: STATICS, DYNAMICS, AND EVOLUTION; OR, HISTORY MATTERS 21
CHAPTER 3 Economics as a Science 23
Methodological Views 23
Methodological and Political Individualism 31
CHAPTER 4 Most Interesting Things That Can Be Said about Factor Prices, Money, and Interest Are Dynamic 41
"Turbulence" and "Self- Organization of Economic and Social Reality 41
Wages and Unemployment 44
Money 46
Savings and Cycles 53
Interest 55
CHAPTER 5 Cycles 58
The Theoretical Models 59
CHAPTER 6 Three Formal Models: A Digression 68
The Frisch Model 70
The Nelson-Winter Model 74
The Goodwin Model 85
CHAPTER 7 History and the Theoretical Analysis of Capitalist Evolution 90
The Nature of the Problem 90
The Frisch Method of Normal Points 92
Continuity and Discontinuity in the Historical Process 94
PART II: SOCIALISM; OR, THE EVOLUTION OF CAPITALISM 103
CHAPTER 8 Prediction and the Interaction of Economic and Social Change 105
Preliminary Remarks 105
Predictions 106
Social and Economic Development 108
CHAPTER 9 How the Definitions of Capitalism and Socialism Follow from Schumpeter's Analysis of the Development Process 121
Schumpeter's Definitions 125
Alternative Definitions 128
Authentic Socialist Views Are Not Too Different from Hayek or Schumpeter 132
CHAPTER 10 Implications of Schumpeter's Analysis and Societal Reactions against the March into Socialism 136
Erosion of the Concept of Private Property 136
Increasing Independence from Bank Financing 140
Societal Reactions against "The March into Socialism" 143
The End of Capitalism 148
PART III: POLITICAL ACTIVITIES OF THE OUTSIDER; OR, COPING WITH NATIONALISM 157
CHAPTER 11 The Crisis of the Tax State 159
Nationalism and Rational Expectations 159
The Emergence of the Tax State 163
CHAPTER 12 Political Activities behind the Scenes 171
The Historical Background 171
The Memoranda 177
The Harrach Letters, the Bohemian Question, and Other Foreign and Domestic Policy Issues 188
An Assessment of Schumpeter's Analyses 196
CHAPTER 13 The German Coal Socialization Commission 202
Some Comments 212
PART IV. THE MINISTER OF FINANCE; OR, COPING WITH DISASTER 215
CHAPTER 14 Initial Problems 217
Separatist Tendencies 221
"Krone ist Krone" 224
Capital Levy 227
CHAPTER 15 Public Speeches and Activities in Parliament 232
Public Speeches 232
Activities in Parliament 243
CHAPTER 16 The Finanzplan 249
An Assessment 255
CHAPTER 17 Cabinet Discussion of the Finanzplan 257
CHAPTER 18 The Kola Affair and the Socialization of the
Alpine-Montan-Gesellschaft 268
The Background 268
The Investigation 274
The Report to Cabinet 279
Why the Alpine Was Not Socialized Immediately 281
CHAPTER 19 The Final Days 289
Aftermath 292
PART V: PUBLICIST AND INVESTMENT BANKER; OR, MAKING THE BEST OF IT 295
CHAPTER 20 Participant in Economic Policy Discussions 297
CHAPTER 21 Bank President and Investment Activities 306
The Biedermann Bank 306
Schumpeter's Answers to His Accusers 310
Schumpeter as Investor: The judicial Interrogation 320
PART VI: THE THEORETICAL ANALYSIS OF CURRENT POLICIES; OR, TRYING TO PREVENT ANOTHER FAILURE 327
CHAPTER 22 Monetary Policies: The 1920s 329
Postwar Stabilization in Austria 329
Testimony for the U.S. Senate in 1924 330
Keynes's Tract on Monetary Reform and the Return to a
Capitalist Economy 333
"Gold Does Not Lie" 337
CHAPTER 23 Monetary Policy: The Great Depression and the Post-Second
World War Inflation 339
CHAPTER 24 Fiscal Policy 349
"Fiscal Policy Is Economic Policy" 349
Growth Effects of Individual Taxes 356
"What Can a Fiscal Reform Achieve?" 361
Fiscal Policy as Destiny 365
CHAPTER 25 Epilogue 370
REFERENCES 379
INDEX 389