In this major scholarly study of the life of Joseph A. Schumpeter, one
of the great intellectual figures of the twentieth century, the
distinguished economist Wolfgang Stolper delves into the mind of his
former teacher, exploring the development of his ideas and, especially,
their influence on politics and public policy. After reflecting briefly
on Schumpeter the man, Stolper explains the evolution of Schumpeter's
work, particularly his insights during the 1920s on public finance, his
contributions to monetary theory and the study of business cycles, and
his writings on socialism. Stolper goes on to desribe and evaluate
Schumpeter's public activities following World War I and his role as a
finance minister, placing the development of his thought in the
turbulence political context of his times.
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.
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