Edited by Sheila Dow, Jesper Jespersen and Geoff Tily
Chapter 14: No invitation to ‘Alles Walzer!’: Schumpeter on The General Theory
The chapter discusses Schumpeter’s reception of The General Theory and the criticisms he levelled at it. To what extent are these criticisms pertinent and to what extent are they based on misunderstandings and unable to be sustained? The chapter then turns briefly to the heretic elements in the analyses of Keynes and Schumpeter and shows that, important differences notwithstanding, they had more in common by temperament and vision than is typically acknowledged.
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