“A MONUMENTAL TAPESTRY”: FIRST EDITION OF SCHUMPETER’S HISTORY OF ECONOMIC ANALYSIS
SCHUMPETER, Joseph. History of Economic Analysis. New York: Oxford University Press, 1954. Thick octavo, original green cloth, trial-issue dust jacket.
First edition of Schumpeter’s landmark history of economics, in trial-issue dust jacket.
“Over many years, Schumpeter had worked on what was intended to become his magnum opus, the History of Economic Analysis (1954). At his death it remained unfinished, but the manuscript was edited and published by his wife. Even in this form it is an overwhelming work. The ketch of 1914 had grown into a monumental tapestry… The three-four beat of Hegelian dialectics that Schumpeter had transferred from the Marxian class struggle to business cycles is now imposed on the history of economics: scientific revolutions are supposed to merge into ‘classical situations,’ which, after a while, set the stage for a new revolution. The display of erudition, though somewhat theatrical, is stupendous… As a historian of economic thought from antiquity to the present day in the context of general social and intellectual developments, Schumpeter has no equal” (Niehans, 450). Trial-issue dust jacket, with “II” on spine, suggesting that Oxford planned a uniform edition of Schumpeter’s works, never issued.
Book with only mild rubbing to extremities and slight toning to spine, dust jacket with only minor rubbing to extremities. A handsome, near-fine copy.