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Joseph Schumpeter. Imperialism: A Product of Atavism. Intellectual Environment of Schumpeter. Marginalist Revolution (1871-74)and Austrian School of Economists Eugen von Böhm-Bawerk and Friedrich von Wieser Leon Walrus and Equilibrium Theory Austro Marxian School.

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joseph schumpeter

Joseph Schumpeter

Imperialism: A Product of Atavism

intellectual environment of schumpeter
Intellectual Environment of Schumpeter
  • Marginalist Revolution (1871-74)and Austrian School of Economists
  • Eugen von Böhm-Bawerk and Friedrich von Wieser
  • Leon Walrus and Equilibrium Theory
  • Austro Marxian School
elite theories of social organization
Elite theories of Social Organization
  • Vilfredo Pareto (15 July, 1848, -August 19, 1923 )
  • Trattato di sociologia generale (1916)
  • Robert Michels ( 9, Jan. 1876, Cologne,- 3 May, 1936 )
  • Political Parties: A Sociological Study of the Oligarchical Tendencies of Modern Democracy
  • Gaetano Mosca ( 1 April 1858-8 November 1941)
  • The Ruling Class (1896)
schumpeter a defender of rational capitalism
Schumpeter A Defender of Rational Capitalism
  • A Lawyer turned Professor at Czernowitz
  • Theory of economic Development (1911)
  • Founder of the Theory of Entrepreneurship
  • Theory of The Theory of Economic Development: An inquiry into profits, capital, credit, interest and the business cycle , 1911.
  • Economic Doctrine and Method: An historical sketch, 1914.
schumpeter as a politician and an academic
Schumpeter as a Politician and an Academic
  • German Socialization Committee
  • Kiel School of Economists and German Marxists Such Kautsky and Hilferding
  • Brief Tenure as Austrian Minister of Finance in 1919
  • President of Bank and Professorship at Bonn
  • Harvard University in 1932
  • Mentor of Paul Samuelson
veblen and german state
Veblen and German State
  • Influence of Thorstein Veblen
  • Imperial Germany and the Industrial Revolution (1915)
  • Comparison between Germany Britain
  • The Idea of dynastic State
  • End of Dynastic State
schumpeter s idea of imperialism
Schumpeter’s Idea of Imperialism
  • Influence of Economic Interpretation of History
  • Proving Marxists Wrong.
  • Imperialism is the object-less disposition of a state to expansion by force without assigned limits.
  • Imperialism benefits a small clique.
main features of schumpeter s thesis
Main Features of Schumpeter’s Thesis
  • Historical force of non-rational and irrational, purely instinctive inclinations to war and conquest
  • Consolidation of Class of Warriors
  • Internal Relationships and dominant positions of such a group in political and economic structure
  • Imperialism is an atavism
capitalism as an anti imperialist political economic system
Capitalism as an anti imperialist political economic system
  • Imperialism a Legacy of Monarchical State
  • Capitalism as a rational economic system opposed to direct imperial conquest
  • Dismantling of the special Interest Groups
  • Pacific Capitalism
weaknesses of schumpeter s thesis
Weaknesses of Schumpeter’s Thesis
  • Too Deeply Embedded in Continental Context
  • Failure to see new world wide context of Empire
  • Foreign Trade led to Empire
  • The Idea of Informal Economic Hegemony
  • Predictions of Modern International Order