Talk:Joseph Schumpeter

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Hello,

there is no information about his first university. Does somebody know?--80.91.145.193 13:51, 22 March 2006 (UTC)

Vienna if you mean as a student (that was actually his only school); Czernowicz for teaching. Clossius 14:52, 22 March 2006 (UTC)
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Contents

[edit] Ethnicity

"Having to leave central Europe because of the rise of the Nazis[...]" Why did he have to move? Was he a Jew? Also, there's no information in this article about his ethnicity... --Dijxtra 17:14, 18 September 2006 (UTC)

Austrian German as far as I know. But you are right most people left Europe for other reasons than Hitler in Germany.

[edit] History of Economic Analysis

More emphasis needs to be put on how formidable the amount research he did when working on this book. He included, and critically analyzed, nearly every significat economist in history. Schumpeter even discovered a few economists whose early insights were overlooked and basically demonstrated an understanding and historical perspective of nearly every economist. Quadzilla99 11:58, 9 March 2007 (UTC)

[edit] Personal Life

I just heard an interview this week given by Thom McCraw, his book being a stated reference. This prompted me to read this article. I believe that this article requires more information on his personal life considering how interesting it is in its own right.

Recently a biography written by his disciple Thomas Mcgraw has been published.This will provide many useful additional inputs.59.95.233.85 05:47, 8 July 2007 (UTC)Jitendra Desai

[edit] underestimates his impact

(my first proper attempt to contribute, so rather than edit the entry I've commented here)

Having read the McCraw biography, I felt the piece didn't do justice to Schumpeter in several ways. more thoughts on my blog. (http://theotherthomasotter.wordpress.com/2007/09/08/schumpeter-and-wikipedia-a-case-for-creative-destruction/)

a. His impact on economics, sociology and business studies.

b. His success in his own life time. (the comment that he his prestige was low and he was a poor lecturer is simply wrong)

1.He was elected President of the American Economic Association in 1949, the most prestigious office in the country for an economist. (first foreigner to get the honour)

2. When Yale tried to headhunt him, and all 17 members of the economics department signed a letter urging him to stay, and 26 of his Graduate Students did the same.

3. He was rated very highly by graduate and undergraduate students in reports.(There is some disagreement on this when he was near the end of his career.)

4. His History of Economic Analysis received rave reviews from his peers. (as did CSD)

5. His speech to American Economic Association in 1948 received “A thunderous and prologed standing ovation.It was a spontaneous expression of respect and gratitiude…”(McCraw p 483)

6. On his death (while still an active faculty member) His Students and Colleagues took the very unsual step of dedicating a future issue of the Review of Economics and Statistics to him.

I would suggest adding the following references http://www.ft.com/cms/s/0/5fa9da48-5b5e-11dc-8c32-0000779fd2ac.html This paper http://cba.unomaha.edu/faculty/adiamond/WEB/DiamondPDFs/SchumpCent.pdf (looks at number of academic citations for schumpeter and compares with Keynes.

In 1983, at the centennial of both Schumpeter and the then-legendary John Maynard Keynes, Mr. Drucker wrote in Forbes that Schumpeter's centenary birthday would hardly be noticed. Yet "Schumpeter it is who will shape the thinking and inform the questions on economic theory and economy policy for the rest of this century, if not for the next 30 or 50 years." Today Schumpeter's emphasis on the crucial importance of entrepreneurship and "creative destruction" are now commonplaces. http://online.wsj.com/public/article/SB113202508406497251.html?mod=2_1194_3


Theotherthomasotter 10:11, 13 September 2007 (UTC)

[edit] Biased

I think this article is biased. It attempts to make out Schumpeter was ultimately a "free market economist". Even his sympathy for Marx - by whom he is obviously influenced - is passed off as a "masquerade". Why can't we have an article about the man himself not just about the way some of his ideas have been cannibalised (or salvaged) to serve the orthodoxy???--Jack Upland 08:26, 20 May 2007 (UTC)

[edit] Works in the internet

mises.org has some of the works for downloading: http://blog.mises.org/archives/006172.asp

[edit] Publication date 1911

I changed the year of publication of one of his most important works (Theorie der wirtschaftlichen Entwicklung) to 1911, based on the arguements made in the following link. http://eh.net/pipermail/hes/2004-January/001917.html 213.154.235.29 14:37, 4 October 2007 (UTC)