The author puts this book in the best possible context by
referring to the "magisterial and paradoxical Dr. Schumpeter." A
figure in a rare class with John Maynard Keynes, Friedrich von
Hayek, and Alfred Marshall, the work of Joseph Schumpeter is
equalled only in monumental significance by his personal trials and
tribulations. The work is divided into two volumes - the first
covering his career in Europe and the second his life and
achievements in America.
Walt Rostow, in his Foreword, sums up Robert Loring Allen's
achievement in biography and intellectual history thus: "In dealing
with Schumpeter's life, Allen exhibits a rare consciousness of the
extraordinary complexity and only limited penetrability of the
human personality Schumpeter's closely interwoven personal and
professional life unfolds, Allen develops without dogmatism a
pattern of linkages for the reader to contemplate. In a splendid
final passage, he provides a memorable summation."
What makes this enormous effort so successful is the linkage of
the personal and the professional, the biographical with the
intellectual. Indeed, it is Schumpeter's single-minded
determination to explain within a single, formal theory, the
dynamics of capitalism that bridges the gap in space, time, and
personality. To his books "The Theory of Economic Development, "and
"Capitalism, Socialism and Democracy, "both published by
Transaction, is now added the specific contexts in which these and
his other works were written.
The author of this biography, like the subject himself, is a
masterful student of the craft of economics, and its place within
the larger social science contexts that Schumpeter worked. In this
work, we are introduced into the main current of European and
American social science alike. The title of the book, "Opening
Doors, "derives from Schumpeter's life long aim to appeal to
inquiring minds to move through such doors in an effort to create
the social science of the future. In this, the volume succeeds
admirably.
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