TAILIEUCHUNG - History of Economic Analysis part 117

History of Economic Analysis part 117. 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. | Economics in the totalitarian countries 1122 cism of its policies but also of any display of lack of sympathy with the party philosophy. It promoted party members and demoted Jews. If it did not insist on acceptable professions of faith it welcomed them. In individual instances the party or groups within the party and even the authorities went much further than all this implies. And in addition the disturbing effects of the general conditions then prevailing upon research and study must be taken into account. However though less so than in the field of the physical sciences the bulk of professional work went on. In particular nobody would have got into trouble in consequence of having worked out new theoretical or statistical tools. A work like Keynes s General Theory could have appeared unmolested and It must not be forgotten that the creed of National Socialism was not primarily or essentially economic and that hence it was compatible not only with all kinds of technical economics but also with the advocacy of widely differing policies. 2. ITALY In Italy we find a similar situation only much more pronounced. The Fascist regime resented criticism of its measures as much as or since individual policies were much more closely associated with the leader personally still more than was the case in It also insisted either on a sympathetic attitude of economists or else on neutrality perhaps the best way of expressing the situation is to say that what the government insisted on was absence of active hostility to Fascist principles. A few leading men such as Ricci and Bresciani-Turroni expatriated themselves but most were not seriously disturbed. Purely scientific work was not interfered with at Under these 4 See Carl Föhl Geldschöpfung und Wirtschaftskreislauf 1937 . The author tells us in the preface that his manuscript had been completed in December 1935. All the more interesting is the far-reaching though not complete parallelism between his .

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