History of Economic Analysis: With a New Introduction 2nd ed. Edition

by Joseph A. Schumpeter (Author), Elizabeth Boody Schumpeter (Editor), Mark Perlman (Introduction)

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ISBN-13: 978-0195105599

ISBN-10: 0195105591

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At the time of his death in 1950, Joseph Schumpeter--one of the great economists of the first half of the 20th century--was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book
is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who
outlines the structure of the book and puts Schumpeters work into current perspective, History of Economic Analysis remains a reflection of Schumpeters diverse interests in history, philosophy, sociology, and psychology. Major topics include the techniques of economic analysis, contemporaneous
developments in other sciences, and the sociology of economics; economic writings from Plato and Aristotle up through the time of Adam Smith, including the medieval scholastics and natural-law philosophers; the work of Malthus, Mill, Ricardo, Marx, and the important European economists; the history,
sociology, psychology, and economics of the period 1879-1914; and modern economic developments. Schumpeter perceived economics as a human science, and this lucid and insightful volume reflects that perception, creating a work that is of major importance to the history of economics.

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Editorial Reviews

Review

"A great history, combining a wealth of research that would do credit to ten men with a breadth of understanding that only very few can achieve."--Robert L. Heilbroner, The Nation

"In its scope, in its grasp of related disciplines, in its display of erudition and in its charm of style, this book is one of the truly outstanding works in the social sciences. It will be a bible for students of economics."-- The New York Times Book Review

From the Back Cover

At the time of his death in 1950, Joseph Schumpeter - one of the great economists of the first half of the 20th century - was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who outlines the structure of the book and puts Schumpeter's work into current perspective. History of Economic Analysis remains a reflection of Schumpeter's diverse interest in history, philosophy, sociology, and psychology.

Publisher ‏ : ‎ Oxford University Press; 2nd ed. edition (March 7, 1996)
Language ‏ : ‎ English
Paperback ‏ : ‎ 1320 pages
ISBN-10 ‏ : ‎ 0195105591
ISBN-13 ‏ : ‎ 978-0195105599
Item Weight ‏ : ‎ 3.93 pounds
Dimensions ‏ : ‎ 8.94 x 1.71 x 6.6 inches

Best Sellers Rank: #745,979 in Books (See Top 100 in Books)
- #1,931 in Economic History (Books)
- #3,518 in Economics (Books)

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Roberto P. De Ferraz

The beginnings of economic concepts in full detail

Reviewed in the United States on November 10, 2003

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The objective of Schumpeter, one of the greatest economists of all times, is to portray in a very comprehensive detail, all the philosophical thinking that conduced to contemporary Economic Analisys, since the beginning of the ancient greek thought.

To me, that had a very great misconception about the works of Joseph Alois Schumpeter, this book was a revelation, be it for the immensity of his erudiction both as an historian, philosopher and economist, be it for the ingenuity in which he presents many new ideas and perspectives regarding economic analisys.
He is sometimes difficult to follow, not helped by the many and extensive footnotes he appends the book with, and by the many quotations he does in foreign languages, which he usually do not translate, be it in ancient Greek, Latin , French or German. Also , the book was unfinished in his lifetime and had to be edited by his wife, who was also deceased before the full completion of the giantic task. Even so, the book has some 1.300 pages and covers the full range of all the relevant economic thougth until the time of its publication.
A warning sign of caution must be addressed to the non-professional readers not not fully interested in the magnitude of such a scope, that is, of addressing the formative ideas of each and every important concept in economic analisys in a so complete way. This can be an overkill for you. But if you are interested in Medieval thought, the concepts exposed by , for instance, Saint Thomas and many others, this is a very good reading. Enjoy it

23 people found this helpful

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Kyriakos Varveris

Excellent

Reviewed in the United States on January 21, 2013

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A trully masterfull book from the master of economic analysis!!! The depth of the analysis is unimaginable and for the selected ones who will purchase this book the road of enlightment will be wider.

2 people found this helpful

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ERC

a little bit of damage in the edges

Reviewed in the United States on September 10, 2015

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Book a little bit damaged in the edges

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Michael Emmett Brady

Excellent ,except for the major errors about Adam Smith's alleged lack of originality

Reviewed in the United States on May 26, 2014

Schumpeter ,in general, does an excellent job in this book. There is one area where he makes no sense. Following Jacob Viner's erroneous claims made in an article published in the late 1920's,he claims that Smith made NO original contributions to economics.It is incredible that an economist -philosopher of the caliber of Schumpeter would miss this discussion of the risk versus uncertainty distiction given the heavy emphasis and the distinction made between the two concepts by Schumpeter himself.It is quite easy to refute Schumpeter's and Viner's claims. First ,Smith is the first to carefully distinguish decision making under uncertainty and ignorance from risk. See pp. 106-113 of the Modern Library(Cannan) edition of the WN plus p.714,where Smith is the first to reject ordinal and precise numerical conceptions of probability in favor of inequalities and interval valued probabilities. Second, Smith is the first to suggest a mixed probabilistic strategies approach to bargaining in the face of international disputes involving tariffs.See pp.434-439. Third , Smith is the first to emphasize the importance in monetary policy of WHO receives the bank loans, WHAT the loans are to be used for, debt leverage or investment in fixed capital, as opposed to HOW the money is created.See pp. 339-341.

5 people found this helpful

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Rob Kirk

Amazing, kudos to Schumpeter

Reviewed in the United States on April 18, 2010

I was introduced to this author from the recommendations of Robert Helibroner's books and I am thankful for this books amazing depth. This book is not for faint at heart but if you are interested in economic analysis, you probably wouldn't be scared off by the magnitude of this masterpiece. The footnotes alone are worth the read. I think Schumpeter is amazing in his confidence, depth and skill in writing as if it was a one on one conversation. I was a bit surprised at some of his analysis of economic personalities but that is why this book is great. It's one man's opinion and that man knows his stuff. A must read for anyone REALLY interested in economics

3 people found this helpful

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Antonio Tiago Santos

THE masterpiece in history of economic thought

Reviewed in the United States on April 20, 2000

After the considerable success of his then only in germanpublished Little Sketch of Doctrines and Methods, and while he wasteaching at Harvard, Schumpeter started working on a book wich would cover the ground of Little Sketch an beyond. What began just as leisure would become THE masterpiece in History of Economic Thought. Schumpeter spent ten years in this colossal effort and unfortunately did not finish it before his death. Nevertheless, nowhere else you will find a book more powerful and more profound on this theme. By History of Economic Analysis Schumpeter means the history of efforts made in the pursuit of comprehending economic phenomena, from Antiquity to present; not a book on history of ideologies. Schumpeter places the authors in their times and contexts, and tries to understand how they proceeded in analysing economic reality. A must for anyone interested in economic theory, history and philosophy.

34 people found this helpful

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Top reviews from other countries

Peter Milne

This 1201 page book makes a great reference book for those who write on economics

Reviewed in Canada on July 7, 2016

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This 1201 page book makes a great reference book for those who write on economics. One can also read the book. This book covers most of the economic fields, especially history and sociology. Schumpeter tries to show economics as a human science from ancient Greece to 1950.
The subject index and index of authors, is very useful when writing papers or doing research.

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History of Economic Analysis: With a New Introduction 2nd ed. Edition

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