Schumpeter's venture money:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford, United Kingdom ; New York, NY, United States of America
Oxford University Press
2021
|
| Edition: | First edition |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Physical Description: | ix, 389 Seiten 24 cm |
| ISBN: | 9780198804383 |
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Record in the Search Index
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| adam_text |
Contents List of Figures List of Tables 1. Introduction—Schumpeter’s life and vision 1.1 Panta rhei—a prologue 1.2 Under the skin, not the veil of money 1.3 Schumpeter’s life and work 1.4 Aims, scope, and plan of the book xi xiii 1 1 4 6 17 PART I. HISTORY AND HETERODOX SOURCES 2. Early origins of money 2.1 Credit and interest 2.2 Coinage 2.3 Legal advances 2.4 “Light and heavy” 2.5 Paper money 2.6 The “substance matter” 23 23 26 27 28 29 32 3. Ascending capitalism 3.1 Sovereign debt 3.2 Merchant banking 3.3 The corporation 3.4 Early monetary contentions 3.5 Financial bubbles 3.6 Neutrality of money 3.7 The real bills doctrine 3.8 American independence 35 35 38 42 45 49 52 54 56 4. Financing industrial development 4.1 The Industrial Revolution 4.2 The classic controversies 4.3 Varieties of capitalism 4.4 Concluding remarks 58 58 61 81 88 PART II. SCHUMPETER’S MONETARY THEORY OF DEVELOPMENT 5. Marginalism and the Austrian School 5.1 The marginálist revolution 93 93
CONTENTS 5.2 Early Austrian School 5.3 KnutWicksell 5.4 Drawing the lines 95 100 104 Non-neutrality of money 6.1 The claim theory 6.2 The quantity theory 6.3 The income-expenditure approach 6.4 Money and real production 6.5 To recap, briefly 119 119 124 128 131 136 Finance and economic evolution 7.1 Definition and scope 7.2 Limits to growth 7.3 Innovation and competition 7.4 The entrepreneurial function 7.5 Breaking the circular flow 7.6 Diffusion and aggregate growth 7.7 Business cycles and crises 7.8 Credit and creative destruction 7.9 Promoter’s profit 7.10 Interest on capital 138 140 140 142 143 146 150 151 155 159 163 PART III. SCHUMPETER’S FAILED FINANCIAL VENTURES 8. The Biedermann Bank 8.1 General economic background 8.2 The roots of the banking project 8.3 “Österreichische Bank” (Austrian Bank Ltd) 8.4 Founding of the Biedermann joint-stock bank 8.5 Distribution of capital shares 8.6 Business development in 1921 and 1922 8.7 Changed business from 1923 onward 8.8 Mounting problems 8.9 Acute corporate crisis in 1924 8.10 Further developments 171 172 174 175 177 182 190 195 198 206 210 9. The Braun-Stammfest Industrial Group 9.1 First industrial investments 9.2 The founding of the industrial group 9.3 The bull market of 1923 9.4 Financial breakdown 9.5 The further fate of firms in the group 217 217 218 229 238 243 10. Causes and consequences 10.1 Schumpeter’s role 246 246
CONTENTS 10.2 Personal consequences 10.3 Return to academic work ІХ 249 259 PART IV. CURRENT LEGACY 11. A legacy lost 11.1 The Keynesian revolution 11.2 Neo-Keynesian synthesis 11.3 Monetarism 11.4 Dynamic general equilibrium models 265 267 274 277 280 12. The vision sustained 12.1 Early dissenters 12.2 Minsky on financial instability 12.3 Financial frictions 12.4 Finance and growth 12.5 “Keynes meets Schumpeter” (ABMs) 12.6 Empirical evidence 287 288 291 295 298 302 304 13. In the current stream 13.1 Venture finance 13.2 Recurrent crises 13.3 Digital payments and account 309 309 320 329 14. Epilogue—a Schumpeterian heritage 346 References Bibliography Contemporary newspapers and journals Correspondences and gathered materials Archival sources Index 351 351 376 376 377 379
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 in Part II the focus is 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 to 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 up to the present day. |
| adam_txt |
Contents List of Figures List of Tables 1. Introduction—Schumpeter’s life and vision 1.1 Panta rhei—a prologue 1.2 Under the skin, not the veil of money 1.3 Schumpeter’s life and work 1.4 Aims, scope, and plan of the book xi xiii 1 1 4 6 17 PART I. HISTORY AND HETERODOX SOURCES 2. Early origins of money 2.1 Credit and interest 2.2 Coinage 2.3 Legal advances 2.4 “Light and heavy” 2.5 Paper money 2.6 The “substance matter” 23 23 26 27 28 29 32 3. Ascending capitalism 3.1 Sovereign debt 3.2 Merchant banking 3.3 The corporation 3.4 Early monetary contentions 3.5 Financial bubbles 3.6 Neutrality of money 3.7 The real bills doctrine 3.8 American independence 35 35 38 42 45 49 52 54 56 4. Financing industrial development 4.1 The Industrial Revolution 4.2 The classic controversies 4.3 Varieties of capitalism 4.4 Concluding remarks 58 58 61 81 88 PART II. SCHUMPETER’S MONETARY THEORY OF DEVELOPMENT 5. Marginalism and the Austrian School 5.1 The marginálist revolution 93 93
CONTENTS 5.2 Early Austrian School 5.3 KnutWicksell 5.4 Drawing the lines 95 100 104 Non-neutrality of money 6.1 The claim theory 6.2 The quantity theory 6.3 The income-expenditure approach 6.4 Money and real production 6.5 To recap, briefly 119 119 124 128 131 136 Finance and economic evolution 7.1 Definition and scope 7.2 Limits to growth 7.3 Innovation and competition 7.4 The entrepreneurial function 7.5 Breaking the circular flow 7.6 Diffusion and aggregate growth 7.7 Business cycles and crises 7.8 Credit and creative destruction 7.9 Promoter’s profit 7.10 Interest on capital 138 140 140 142 143 146 150 151 155 159 163 PART III. SCHUMPETER’S FAILED FINANCIAL VENTURES 8. The Biedermann Bank 8.1 General economic background 8.2 The roots of the banking project 8.3 “Österreichische Bank” (Austrian Bank Ltd) 8.4 Founding of the Biedermann joint-stock bank 8.5 Distribution of capital shares 8.6 Business development in 1921 and 1922 8.7 Changed business from 1923 onward 8.8 Mounting problems 8.9 Acute corporate crisis in 1924 8.10 Further developments 171 172 174 175 177 182 190 195 198 206 210 9. The Braun-Stammfest Industrial Group 9.1 First industrial investments 9.2 The founding of the industrial group 9.3 The bull market of 1923 9.4 Financial breakdown 9.5 The further fate of firms in the group 217 217 218 229 238 243 10. Causes and consequences 10.1 Schumpeter’s role 246 246
CONTENTS 10.2 Personal consequences 10.3 Return to academic work ІХ 249 259 PART IV. CURRENT LEGACY 11. A legacy lost 11.1 The Keynesian revolution 11.2 Neo-Keynesian synthesis 11.3 Monetarism 11.4 Dynamic general equilibrium models 265 267 274 277 280 12. The vision sustained 12.1 Early dissenters 12.2 Minsky on financial instability 12.3 Financial frictions 12.4 Finance and growth 12.5 “Keynes meets Schumpeter” (ABMs) 12.6 Empirical evidence 287 288 291 295 298 302 304 13. In the current stream 13.1 Venture finance 13.2 Recurrent crises 13.3 Digital payments and account 309 309 320 329 14. Epilogue—a Schumpeterian heritage 346 References Bibliography Contemporary newspapers and journals Correspondences and gathered materials Archival sources Index 351 351 376 376 377 379
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 in Part II the focus is 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 to 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 up to the present day. |
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| author | Peneder, Michael 1968- Resch, Andreas 1962- |
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | First edition |
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| id | DE-604.BV047196941 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T16:50:06Z |
| indexdate | 2025-04-02T10:02:24Z |
| institution | BVB |
| isbn | 9780198804383 |
| language | English |
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| physical | ix, 389 Seiten 24 cm |
| publishDate | 2021 |
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| spelling | Peneder, Michael 1968- Verfasser (DE-588)171144260 aut Schumpeter's venture money Michael Peneder, Andreas Resch First edition Oxford, United Kingdom ; New York, NY, United States of America Oxford University Press 2021 ix, 389 Seiten 24 cm txt rdacontent n rdamedia nc rdacarrier Schumpeter, Joseph A. 1883-1950 (DE-588)118611682 gnd rswk-swf Liquiditätstheorie (DE-588)4167820-5 gnd rswk-swf Geldtheorie (DE-588)4121333-6 gnd rswk-swf Schumpeter, Joseph A. / 1883-1950 Money / History Economic history Money History Schumpeter, Joseph A. 1883-1950 (DE-588)118611682 p Geldtheorie (DE-588)4121333-6 s Liquiditätstheorie (DE-588)4167820-5 s DE-604 Resch, Andreas 1962- Verfasser (DE-588)132182815 aut Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032602038&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032602038&sequence=000003&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Peneder, Michael 1968- Resch, Andreas 1962- Schumpeter's venture money Schumpeter, Joseph A. 1883-1950 (DE-588)118611682 gnd Liquiditätstheorie (DE-588)4167820-5 gnd Geldtheorie (DE-588)4121333-6 gnd |
| subject_GND | (DE-588)118611682 (DE-588)4167820-5 (DE-588)4121333-6 |
| title | Schumpeter's venture money |
| title_auth | Schumpeter's venture money |
| title_exact_search | Schumpeter's venture money |
| title_exact_search_txtP | Schumpeter's venture money |
| title_full | Schumpeter's venture money Michael Peneder, Andreas Resch |
| title_fullStr | Schumpeter's venture money Michael Peneder, Andreas Resch |
| title_full_unstemmed | Schumpeter's venture money Michael Peneder, Andreas Resch |
| title_short | Schumpeter's venture money |
| title_sort | schumpeter s venture money |
| topic | Schumpeter, Joseph A. 1883-1950 (DE-588)118611682 gnd Liquiditätstheorie (DE-588)4167820-5 gnd Geldtheorie (DE-588)4121333-6 gnd |
| topic_facet | Schumpeter, Joseph A. 1883-1950 Liquiditätstheorie Geldtheorie |
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