Ten Great Economists by Schumpeter Joseph Alois

Author:Schumpeter, Joseph Alois
Language: eng
Format: epub
Tags: Economics, Finance, Business & Industry
Publisher: Taylor & Francis Ltd
Published: 2003-02-09T16:00:00+00:00

Footnotes

* Reprinted from the Quarterly Journal of Economics, vol. LXIII, no. 2, May 1949. Copyright 1948 by the President and Fellows of Harvard College.

1 G.H.Bousquet, ‘Vilfredo Pareto, sa vie et son œuvre’ (in the Collection d’études, de documents et de témoignages pour servir à l’histoire de notre temps, Paris, Payot, 1928). Except for the mathematical parts of Pareto’s work, this book, written in a vein of generous enthusiasm by a man who is an economist and sociologist in his own right and as far as possible removed from the state of mind of the disciple or biographer who basks in reflected glory, is herewith strongly recommended. Bousquet also wrote a Précis de sociologie d’après Pareto, introductions to the latter’s Systèmes Socialistes and Manuel d’économie politique, and also a short English appraisal entitled, The Work of Vilfredo Pareto, 1928, besides reserving for him a place of honor in his Essai sur l’évolution de la pensée économique. Of other memorial appraisals it will suffice to mention what may be called the official one, Professor Alfonso de Pietri-Tonelli’s address to the economic section of the Italian Association for the Advancement of Science, published in the Revista di Politica Economia, November and December 1934 and January 1935, and Professor Luigi Amoroso’s article in Econometrica, January 1938.

2 At Harvard, this vogue was represented by the eminent physiologist, the late Professor L.J.Henderson. See his Pareto’s General Sociology, 1935. Some Harvard men will still remember his informal Pareto ‘seminar’ that practically consisted in a series of monologues by the professor. Sympathetic understanding and a profound sense of the unconventional greatness of Pareto’s thought there struggled valiantly with inevitable professional handicaps.

3 There is a bibliography that cannot be very far from being complete by Messrs Rocca and Spinedi in the Giornale degli Economisti, 1924, but only the following items need be mentioned here: ‘Considerazioni sui principi fondamentali dell’ economia politica pura,’ Giornale degli Economisti, 1892–3; Cours d’économie politique professé à l’université de Lausanne, 1896–7; Résumé du cours donné à l’École des Hautes Études Sociales de Paris, 1901–2; Les systèmes socialistes, 1902 (reprinted 1926); Manuale di economia politica, 1906 (reprinted 1919); Manuel d’économie politique, 1909 (reprinted 1927) (a translation of the preceding item which must, however, be listed separately because of the mathematical appendix that was completely redone); Trattato di sociologia generale (1916) French translation, 1919, English translation, under the title Mind and Society, 1935; ‘L’économie mathématique’ in the French Encyclopédie des sciences mathématiques, 1911 (the corresponding article in the original German edition of the Mathematical Encyclopedia is of negligible importance). There are several other books besides innumerable articles, but they do not, so far as I know them (Pareto published many articles in the daily press, most of which I do not know), contain anything of a scientific nature that is not contained in one or more of the publications mentioned.

4 I feel unable to say precisely how much this amounted to. Pareto had to be told by Volterra that an expression of the form Xdx+Ydy has always an infinity of integrating factors whereas with more than two variables no such factor need exist.

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