Abstract
This paper examines J.A. Schumpeter's theory of money, as expounded in his first book, Das Wesen und der Hauptinhalt der theoretischen Nationalokonomie (The Essence and Main Contents of Theoretical Economics), published in 1908. The book, which offers a presentation of the static analysis of general equilibrium, sparked excitement among the young economists in the German language area, well beyond World War I, leading Schumpeter to act as a link between Walras and the German-speaking world. Interestingly, the book contains one of the first attempts at integrating money into the general equilibrium theory. From this point of view, it would seem that Schumpeter followed in the footsteps of Walras, rather than in Menger's. In fact, his contribution, while inconclusive, is of his own design. In any case, this attempt remains isolated, as Schumpeter will not trod the same path again in his later writings on the theory of money, credit and banking.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
