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Opening Doors: Life and Work of Joseph Schumpeter - Volume 2, America (Hardcover)
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Opening Doors: Life and Work of Joseph Schumpeter - Volume 2, America (Hardcover)
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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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