SHOE Archives

Societies for the History of Economics

SHOE@YORKU.CA

Options: Use Forum View

Use Monospaced Font
Show Text Part by Default
Show All Mail Headers

Message: [<< First] [< Prev] [Next >] [Last >>]
Topic: [<< First] [< Prev] [Next >] [Last >>]
Author: [<< First] [< Prev] [Next >] [Last >>]

Print Reply
Subject:
From:
[log in to unmask] (Sumitra Shah)
Date:
Fri Mar 31 17:18:45 2006
Content-Type:
text/plain
Parts/Attachments:
text/plain (28 lines)
As I was thinking of Schumpeter's works in this context, I found this in The Stern
Business Fall/Winter 2001, a New York University publication, written by Thomas McCraw,
the Isidor Straus professor of business history at Harvard Business School.
 
When Capitalism, Socialism, and Democracy was first published in 1942, it received a
modicum of attention, probably because World War II was dominating not only the news but
intellectual and economic life as well. A second edition, which appeared in 1946,
attracted wider notice. But the third edition, published in 1950 at a high point in the
Cold War, when capitalism and socialism were, in fact, competing furiously for the world's
allegiance, became an international best-seller. It produced thousands of future citations
by scholars in sociology, history, economics, and other disciplines. Translated into at
least 16 languages, Business Cycles still sells widely in paperback editions...[I think
the author meant to say CSD, not Business cycles.]
 
Later he writes: 
 
Meanwhile, in the United States, and to a lesser extent in Western Europe, the phenomenal
run-up of securities markets throughout the 1990s piqued sharp new interest in the
entrepreneurs who became dot-com millionaires and billionaires. In this new setting,
Schumpeter's work on entrepreneurship acquired a compelling new interest. Scholars from
many disciplines began to find in his writings either answers to their own questions or
valuable maps and guidebooks for new avenues of research. During the 1990s, the number of
academic citations to Schumpeter's works actually overtook those to Keynes's, a phenomenon
that would have seemed inconceivable a generation earlier.
 
Sumitra Shah 
 

ATOM RSS1 RSS2