In the Footsteps of The Early Joseph Alois Julius Schumpeter
The early Joseph Alois Julius Schumpeter gave the world an extraordinary theory of economic growth in his book Theorie der Wirtshaflichen Entwicklung, published in Leipzig in 1912. Entrepreneurial profit – the result of successful entrepreneurship - is not a motivating factor Schumpeter argues, but to found a private kingdom, the will to conquer and the joy to create are. Where did the early Schumpeter get those ideas? Is it possible to trace down some clues from his early experiences of life and family background as explanatory factors?