Schumpeter's Venture Money

Inbunden, Engelska, 2021

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Beskrivning

Distinctively tying history with theory, political economist Joseph A. Schumpeter reached far back in time to understand what drives economic development and determines its course. Historical and empirical research provided a laboratory for learning. At the same time, he reached for a long-term vision through theoretical inspection and utmost abstraction, seeking to distil a phenomenon's essential nature and function. He believed that good theory can indicate where the economy is headed in the future. Schumpeter's attention to history and theory also informed the plan for this book. Part I trails the historical stream of financial innovations and the scholarly struggle to assimilate them in monetary thought, while Part II focuses on Schumpeter's own monetary theory. Its deliberate reconstruction from scattered sources reveals a strikingly original and still modern conception. Drawing from the detailed study of documents at various archives in Austria, Part III then concentrates on the business history of Schumpeter's failed personal endeavours in banking and as a proto-venture capitalist. Finally, Part IV casts light on the legacy of Schumpeter's monetary ideas on contemporary thought. It depicts how monetary theory initially left them behind, yet has more recently set out to return to his ideas on money, financial innovation, and growth. Overall, a surprisingly coherent picture emerges from the study of Schumpeter's neglected monetary theory, his personal history, and his intellectual legacy on the present day.

Produktinformation

Utgivningsdatum:2021-02-04
Mått:163 x 242 x 27 mm
Vikt:730 g
Format:Inbunden
Språk:Engelska
Antal sidor:404
Förlag:OUP OXFORD
ISBN:9780198804383
Utmärkelser:Winner, 2022 Schumpeter Prize, International Schumpeter Society Previous Schumpeter laureates include Christopher Freeman, Joel Mokyr, Richard Musgrave, Mancur Olson, Maureen McKelvey, Steven Klepper, Richard G. Lipsey, Thomas McGraw, Philippe Aghion, Rachel Griffith, Richard Nelson, Sidney Winter and Giovanni Dosi.

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap
Entreprenörskap inom Ekonomi och Ledarskap
Affärsutveckling inom Ekonomi och Ledarskap

Mer om författaren

Michael Peneder is senior economist at the Austrian Institute of Economic Research (WIFO) and was its deputy director from 2010 to 2013. He has been a Visiting Professor at the Ritsumeikan University in Kyoto as well as Visiting Researcher at Stanford University and Harvard University. He teaches at the Vienna University of Economics and Business, and is editor of the Journal of Industry, Competition, and Trade. As chairman of the Committee for Evolutionary Economics he was a board member of the German Economic Association. His research focuses on industrial development, innovation, and entrepreneurial finance.Andreas Resch is associate professor at the Institute for Economic and Social History at the Vienna University of Economics and Business. He has spent two terms as Bye-Fellow at Robinson College, University of Cambridge, and has authored numerous publications in fields such as banking and financial history, industrial history, business history, and the history of innovation in German and English language.

Innehållsförteckning

1:Introduction: Schumpeter's Life and Vision I. History and Heterodox Sources 2:Early Origins of Money 3:Ascending capitalism 4:Financing Industrial Development II. Schumpeter's Monetary Theory of Development 5:Marginalism and the Austrian School 6:Non-Neutrality of Money 7:Finance and Economic Evolution III. Schumpeter's Failed Financial Ventures 8:The Biedermann Bank 9:The Braun-Stammfest Industrial Group 10:Causes and Consequences IV. Current Legacy 11:A Legacy Lost 12:The Vision Sustained 13:In the Current Stream 14:Epilogue: A Schumpeterian Heritage