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History of Economic Analysis part 2

History of Economic Analysis part 2. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | His fifth effort involved his interpretation of the filiation of ideas in the development of economic theory. This effort surfaced initially with his 1914 Epochen der Dogmen und Methodengeschichte translated later as Economic Doctrine and Method An Historical Sketch and was unfinished when he died but the outline of the corpus appeared as History of Economic Analysis 1954 . I would also include in this fifth effort another posthumous collection Ten Great Economists 1954 which contains polished essays. 1.3 The unfinished History of Economic Analysis HEA is the most significant part of the fifth and last of Schumpeter s great projects. To some its development represents the somber reflections of an older scholar one embittered by personal career and character tragedies. To others it is the quintessential if uncompleted final great professional tour d horizon of the leading practiced academic professional economics visionary of the twentieth century. And for still others it is the wisest compendium of names and titles ever published in English and possibly in all other languages in the long history of the discipline. 1.4 In the past there have been many treatments of the history of the discipline employed as explanations of the development of economic theory. Indeed one way to explain the emergence of the Smithian and Ricardian virtual hegemony was simply to recount how Smith had fused earlier writings rejected some and made others canon. Ricardo referring to Smith s 1776 economics masterpiece 7 offered a tighter type of reasoning and thus it seemed classical economics was assembled if not actually born.8 The official registry of birth as seen by the British was undoubtedly John Ramsay McCulloch s The Literature of Political Economy 1840 just as Jérôme-Adolphe Blanqui s Histoire de l économie politique en Europe9 1838 could be said to have been an even earlier French claim of course making McCulloch s either a collateral if lesser relative or simply a Pretender. There