Schumpeter's Venture Money examines the role of financial innovation and monetary thought throughout economic history, following the unique perspective of the leading scholar of a monetary theory of economic development Joseph A. Schumpeter.
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.
In 2005, Austria celebrated the sixtieth anniversary of its liberation from the Nazi regime and the fiftieth anniversary of the State Treaty that ended the occupation and returned full sovereignty to the country. This volume of Contemporary Austrian Studies covers foreign policy in the twentieth century. It offers an up-to-date status report of Austria's foreign policy trajectories and diplomatic options. Eva Nowotny, the current Austrian ambassador to the United States, introduces the volume with an analysis of the art and practice of Austrian diplomacy in historical perspective. Ambassador Wolfgang Petritsch analyzes recent Balkans diplomacy as an EU emissary in the Bosnian and Kosovo crises. Historians G nther Kronenbitter, Alexander Lassner, G nter Bischof, Joanna Granville, and Martin Kofler provide historical case studies of pre-and post-World War I and World War II Austrian diplomacy, Austria's dealings with the Hungarian crisis of 1956, and its mediation between Kennedy and Khrushchev in the early 1960s. Political scientists Romain Kirt, Stefan Mayer, and Gunther Hauser analyze small states' foreign policymaking in a globalizing world, Austrian federal states' separate regional policy initiatives abroad and Austria's role vis-is current European security initiatives. Michael Gehler periodizes post-World War II Austrian foreign policy regimes and provides a valuable summary of both the available archival and printed diplomatic source collections. A "Historiography Roundtable" is dedicated to the Austrian Occupation decade. G nter Bischof reports on the state of occupation historiography; Oliver Rathkolb on the historical memory of the occupation; Michael Gehler on the context of the German question; and Wolfgang Mueller and Norman Naimark on Stalin's Cold War and Soviet policies towards Austria during those years. Review essays and book reviews on art theft, anti-Semitism, the Hungarian crisis of 1956, among other topics, complete the volume.
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.