TAILIEUCHUNG - History of Economic Analysis part 4

History of Economic Analysis part 4. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | Editor s Introduction THE History of Economic Analysis upon which Joseph worked during the last nine years of his life and which he had not quite finished was the result of his intention to translate revise and bring up to date the little sketch of doctrines and methods Epochen der Dogmen und Methodengeschichte written for the first volume of Max Weber s Grundriss which was published in This was a long essay about 60 000 words of a little more than a hundred pages which was divided into four parts or chapters. An examination of the table of contents will show that these four parts or chapters cover very briefly the same general topics that are treated in much more detail in Parts II III and IV of the 1200-page History of Economic Analysis. The first two which are concerned with 1 the development of economics from the work of the philosophers and the popular discussion and 2 the discoveries in economics associated with the physiocrats Turgot and Adam Smith are discussed in a single part in the present work Part II From the Beginnings to 1790 . The third and fourth divisions in the two works are roughly parallel. The four main headings in the Epochen were as follows I. Die Entwicklung der Sozialökonomik zur Wissenschaft The Development of Economics as a Science . II. Die Entdeckung des wirtschaftlichen Kreislaufs The Discovery of the Circular Flow of Economic Life . III. Das klassische System und seine Ausläufer The Classical System and its Offshoots . IV. Die historische Schule und die Grenznutzentheorie The Historical School and the Marginal Utility Theory . The old essay had been out of print it had never been translated from German into English many people had been interested in it and had urged a translation. After herculean labor . had finished his monumental Business Cycles in 1938 and sought relaxation in Capitalism Socialism and Democracy which he regarded as distinctly a popular offering that he expected to finish in a few months. .

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