Tag Archives: Joseph Schumpeter

Joseph Schumpeter’s definition of Economic Sociology

In his monumental History of Economic Analysis, Joseph Schumpeter identified four fundamental fields of economic analysis: economic history, statistics, economic theory and economic sociology. According to Schumpeter, a mastery in these four fields is “what distinguishes the ‘scientific’ economist from all the other … Continue reading

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Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism…”

Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism‬ who assure that ‪‎finance‬ serves progress. Today’s financial structure is more akin to ‪‎Keynes‬’ characterisation of the financial arrangements of advanced … Continue reading

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The Entrepreneur: Classic Texts by Joseph A. Schumpeter

The renowned economist Joseph A. Schumpeter made seminal contributions not only to economic theory but also to sociology and economic history. The Entrepreneur: Classic Texts by Joseph A. Schumpeter, edited by Markus C. Becker, Thorbjørn Knudsen, and Richard Swedberg, contains several … Continue reading

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