1 / 10

Joseph Schumpeter

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.

paul2
Download Presentation

Joseph Schumpeter

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Joseph Schumpeter Imperialism: A Product of Atavism

  2. 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

  3. 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)

  4. 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.

  5. 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

  6. 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

  7. 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.

  8. 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

  9. 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

  10. 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

More Related