Joseph Schumpeter Scholar, Teacher, and Politician

Eduard Marz discusses Schumpeter's major books (including Business Cycles and Capitalism, Socialism, and Democracy), his contribution to Marxist political economy, the genesis of his theory of economic development, his concept of the entrepreneur, and his position regarding Keynsian neo-classicism. He also illuminates Schumpeter's intellectual and personal background. In a substantial preface to the book, Nobel Laureate James Tobin considers Schumpeter's place in the American economic profession, describes the fundamentals of his technical economic theory, and assesses its relevance to economics in the late twentieth century. The late Eduard Marz studied in Vienna and at Harvard, where he was a pupil of Joseph Schumpeter and obtained a PhD. He taught at several US universities before returning to Austria where he was a professor of economics at the universities of Salzburg and Vienna. Among his publications is Austrian Banking and Financial Policy (1984). James Tobin is Sterling Professor Emeritus of Economics at Yale University, and a winner of the Nobel Prize for economics.Marz, Eduard is the author of 'Joseph Schumpeter Scholar, Teacher, and Politician' with ISBN 9780300038767 and ISBN 0300038763.