Word: economisters
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Dates: during 1950-1959
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Joseph A. Schumpeter has left his classes and his biographers with a problem: "In my youth," he used to say, "my ambition was to be the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. In one of those goals I have failed." The ladies who observed his continental charm and erudition and the economists who learned from his will both dispute him as their own; perhaps the horses will lose him in the long run only because they are inarticulate...
...Economics, embracing examples from classic Greek fisheries to Land Grant Railroads. Having trekked over the continent of Europe in a manner that would provide material for a novel, his experience as well as vast reading let him take the true measure of both Marx and Marshall. He realized an Economist did not operate in vacuo...
Gottfried Haberier, Warburg Professor of Economics: "Schumpeter was a great economist because he was more than an economist. He himself used to say that an economist who is not also a historian, who does not know a fair amount of mathematics and logic, who is not familiar with statistical methods, is not qualified for this profession. He was all these and more besides. He had no real among living economists as a universal scholar, and his premature death will be mourned all over the world...
Seymour E. Harris '20, professor of Economics: "Schumpeter was the greatest living economist. He was a great teacher and made very important contributions in almost every field of economics...
Following the annual December meeting of the American Economic Association in New York, the economist had gone to his Taconic home to rest before delivering the annual Walgreen Lectures at the University of Chicago...