2014 Reprint of 1951 Edition. Full facsimile of the original
edition, not reproduced with Optical Recognition Software. Joseph
Schumpeter was not a member of the Austrian School, but he was an
enormously creative classical liberal, and this 1919 book shows him
at his best. He presents a theory of how states become empires and
applies his insight to explaining many historical episodes. His
account of the foreign policy of Imperial Rome reads like a
critique of the US today. The second essay examines class mobility
and political dynamics within a capitalistic society. Overall, a
very important contribution to the literature of political economy.
General
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