Joseph Schumpeter (1883-1950) has long been regarded as one of the leading economists of the 20th century, a brilliant theorist of capitalist economic development. After holding many positions in his native Austria, he emigrated to the United States and spent the last 18 years of his life as professor at Harvard University. Little, however, has been written about him in English. This book, first published in German in 1983, has been substantially revised by the author for this English edition, and it provides much information about Schumpeter both as a man and as an economist.
