Josef Aloys Schumpeter

Josef Aloys Schumpeter

Trest, Okres Jihlava, Vysočina, Czech Republic
Death 8 Jan 1950 (aged 66)
Taconic, Litchfield County, Connecticut, USA
Burial Salisbury, Litchfield County, Connecticut, USA
Plot Third Addition, plot 220
Memorial ID 146753986 · View Source
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Joseph Alois Schumpeter was an economist and political scientist.

Josef Aloys Schumpeter was born 08 February 1883 in Třešť, Vysočina, Czech Republic (then Triesch, Moravia, Austro-Hungarian Empire) to German-speaking Catholic parents. His father, a factory owner, died when Josef was four years old. In 1893, when he was ten years old, Josef relocated with his mother to Vienna, Austria, then the capitol of the Hapsburg or Austro-Hungarian Empire.

"The aristocratic and the modern were inextricably combined in Joseph Schumpeter. The paradoxes of this great economist, who also served as minister of finance in the post- World War I government of Austria, are suggested by the fact that at his first teaching post, he challenged the university librarian to a duel to win freer access to books for the students. Perhaps Schumpeter was attracted to the big issues because he himself witnessed drastic changes in society."
(Samuel Bowles, Richard Edwards, and Frank Roosevelt. Understanding Capitalism: Competition, Command, and Change (3rd ed., 2005))

Schumpeter married for the third time in 1937 to fellow Harvard economist Elizabeth Boody. She was the editor for their magnum opus, the posthumously published History of Economic Analysis (1954).

His personal and professional papers and photographs from 1914-1950 are archived at Harvard University:

In "Reflections on the Schumpeter I knew well," Paul Samuelson (2005) writes "Now, at the turn of the millennia, when total-factor-productivity has remarkably soared in America and abroad, both fools and sages sing Schumpeter‘s praise. That would have amused and pleased this worldly scholar who in some dark hours of the night used to despair in his German-shorthand diaries of justly deserved praises passing him by. So Keynes was wrong: in the long run not all of us are dead."

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  • Created by: Jane Muir Sellery
  • Added: 20 May 2015
  • Find a Grave Memorial 146753986
  • Find a Grave, database and images ( : accessed ), memorial page for Josef Aloys Schumpeter (8 Feb 1883–8 Jan 1950), Find a Grave Memorial no. 146753986, citing Salisbury Cemetery, Salisbury, Litchfield County, Connecticut, USA ; Maintained by Jane Muir Sellery (contributor 48746673) .