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Schumpeter the Superior

Geoffrey Hawthorn, 27 February 1992

Joseph Schumpeter: His Life and Work 
by Richard Swedberg.
Polity, 293 pp., £35, November 1991, 0 7456 0792 6
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Joseph Schumpeter: Scholar, Teacher and Politician 
by Eduard März.
Yale, 204 pp., £22.50, November 1991, 0 300 03876 3
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... and his greatest. Capitalism, Socialism and Democracy (1942), was one – J.K. Galbraith told Richard Swedberg – that he himself disdained. It was too popular. His first, which he wrote in 1908, when he was 25, irritated the historical economists, who dominated the subject in Austria, with its defence of the new marginalism. His second, The Theory ...

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