Joseph A. Schumpeter, Elizabeth Boody Schumpeter, Mark, Perlman

At the time of his death in 1950, Joseph Schumpeter was working on his monumental History of Economic Analysis. Unprecedented in scope, the book was to provide a complete history of economic theory from Ancient Greece to the end of the second world war. A major contribution to the history of ideas as well as to economics, History of Economic Analysis rapidly gained a reputation as a unique and classic work. As well being an economist, Schumpeter was a gifted mathematician, historian, philosopher and psychologist and this is reflected in the multi-disciplinary nature of his great endeavour. Topics addressed include the techniques of economic analysis, contemporaneous developments in other sciences and the sociology of economics. This inclusiveness extends to the periods and individuals who figure in the book. As well as dealing with all of the major economists from Adam Smith to Maynard Keynes, the book considers the economic writings of Plato and Aristotle, of the Medieval Scholastics and of the major European economists. Throughout, Schumpeter perceived economics as a human science and this is reflected in a volume which is lucid and insightful throughout.

Part 1 Introduction; Chapter P1-1, Introduction and Plan; Chapter P1-2 Interlude I:, The Techniques of Economic Analysis; Chapter P1-3 Interlude II:, Contemporaneous Developments in Other Sciences; Chapter P1-4 The Sociology of Economics; Part 2 From The Beginnings To The First Classical Situation (To About 1790); Chapter P2-1 Graeco-Roman Economics; Chapter P2-2 The Scholastic Doctors and the Philosophers of Natural Law; Chapter P2-3 The Consultant Administrators and the Pamphleteers; Chapter P2-4 The Econometricians and Turgot1[J. A. S. had originally entitled this chapter 'The Econometricians'; on the type-script he added 'and Turgot?' in pencil.; Chapter P2-5 Population, Returns, Wages, and Employment; Chapter P2-6 Value and Money1[Although this chapter was apparently written rather early, it was unfinished and not typed at the death of J. A. S. The manuscript pages were unnumbered and sometimes there were two or three versions of the same page. This chapter was put together with the assistance of Arthur W. Marget.; Chapter P2-7.; Part 3 From 1790 to 1870; Chapter P3-1 Introduction and Plan; Chapter P3-2 Socio-Political Backgrounds; Chapter P3-3 The Intellectual Scenery; Chapter P3-4 Review Of The Troops; Chapter P3-5 General Economics: A Cross Section; Chapter P3-6 of this chapter was written much earlier than the remainder of the chapter. The typescript was dated December 1943. It was obvious that J. A. S. intended to revise these pages on Senior and to make them the introductory section to this chapter. There were many notes clipped to the early typescript. There was no title for this section and no title for the chapter, but the remaining sections were relatively complete with titles for sections and subsections. This section is presented as written, although it lacks the proper introductory remarks and the revisions J. A. S. would have made.; Chapter P3-7 Money, Credit, And Cycles; Part 4 FRom 1870 To 1914; Chapter P4-1 Introduction And Plan; Chapter P4-2 Background And Patterns; Chapter P4-3 Some Developments In Neighboring Fields; Chapter P4-4 and from a folder which I found containing two sections of typescript clipped to their respective manuscripts. This folder also contained a great many notes and pamphlets and reprints which J. A. S. apparently intended to use in his work of revision. On the outside of the folder was written Part IV/4.' Originally, it had been Part IV/4, 5' but the 5 had been erased when the author decided to incorporate the material in a single chapter instead of in two separate chapters.; In,,, Plan of the Part, J. A. S. has this to say: 'Then follow comments on two allied groups of men and ideas that lend themselves to separate treatment, the group whose work centered in the contemporaneous interest in social reform and whose leaders were with singular infelicity dubbed "socialists of the chair" (Kathedersozialisten): and the group that was called, and called itself, the historical school ( and ). The much-debated question of economists' value-judgments will be touched upon in connection with the former and the famous "battle of methods" (and its American counterpart, the institutionalist controversy) in connection with the latter.'The Treatment Of The Socialists Of The Chair Is Very Incomplete. In Fact, It Looks As Though A Whole Section On These People In Germany Had Been Omitted. It Is Obvious That The Treatment Of People Of This Type In France Has Been Omitted. The Carbon Of This Particular Section Is Dated December 17, 1943. The Carbon Of The Section On The Historical School Is Dated January 10, 1943. These Were Undoubtedly Preliminary Studies And Would Have Been Completely Rewritten. The Section On The Socialists Of The Chair And Value Judgments Is Especially Unsatisfactory, But It Is Published Here Because Schumpeter Felt So Keenly That The Work Of Many Economists Has Been And Is Impaired By Their Value Judgments, And Also That This Need Not Be So With Respect To Their Analysis. This Belief Of His Is Obvious In All His Writings.The Treatment Of The Historical School Is Also Incomplete. After Some Discussion Of The Older And Younger Historical Schools And The Methodenstreit, There Follows A Discussion Of Historical Economics Outside Germany, Especially In France And England. But There Is Nothing At All About The United States And American Institutionalism, Which Had Been Promised In The Plan Of The Part.; Chapter P4-5 The General Economics Of The Period: Men And Groups; Chapter P4-6 General Economics: Its Character And Contents; Chapter P4-7,. Although this chapter on Equilibrium Analysis had been carefully planned from the beginning, it did not exist in any final form at the death of J. A. S. It was found in a fairly large number of small segments, some in typescript and some still in manuscript. Occasionally there were alternative versions of the same subject There is a brief and very early treatment of the whole chapter, which was not used because I believed it to have been superseded by the later, more elaborate version here published. The First four sections had been written long ago but and were in the process of revision. The last two sections and the Note on Utility, which appears as an appendix to the chapter, were written in 1948 and 1949. Most of (The Walrasian Theory of General Equilibrium) was still untyped. (The Production Function) and the Note on Utility had been typed, but J. A. S. had hardly read the former and had no opportunity to revise the latter. In a sense, all the sections were unfinished in that J. A. S. indicated by short-hand notes that he would have made changes in the text and added footnote references.I am very much indebted to Richard M. Goodwin, who first put the various parts of this chapter together for me. As both a Student and valued colleague, he had worked with my husband on these problems and was probably better fitted than anyone else for this task.I have for the most part followed his suggestions, but I have added one or two things which turned up after Goodwin's departure for Europe and removed some 'alternative versions' and the early version of the whole chapter mentioned in the first paragraph of this note. The interested scholar will find this material, along with the rest of the manuscript, deposited in the Houghton Library at Harvard University.; Chapter P4-8 Money, Credit, and Cycles; Part 5 Conclusion; Chapter P5-1, Introduction and Plan; Chapter P5-2, Developments Stemming from the Marshall-Wicksell Apparatus; Chapter P5-3, the subject matter of which is not mentioned in the Mexican lectures (, above).; Chapter P5-4 Dynamics and Business Cycle Research; Chapter P5-5, Keynes and Modern Macroeconomics; 1[This was the last thing written by J. A. S. for his History. It was left behind to be typed when he departed from Cambridge for the Christmas vacation, December 1949. It was not typed until after his death. IIence there was no opportunity for corrections or modifications.;