Peter F. Drucker
5/23/1983 @ 6:00PM
Schumpeter And Keynes
THE TWO GREATEST economists of this century, Joseph A. Schumpeter and John Maynard Keynes, were born, only a few months apart, a hundred years ago: Schumpeter on Feb. 8, 1883 in a provincial Austrian town, Keynes on June 5, 1883 in Cambridge, England. (And they died only four years apart — Schumpeter in Connecticut on Jan. 8, 1950, Keynes in southern England on Apr. 21, 1946.) The centenary of Keynes’ birth is being celebrated with a host of books, articles, conferences and speeches. If the centenary of Schumpeter’s birth were noticed at all, it would be in a small doctoral seminar. And yet it is becoming increasingly clear that it is Schumpeter who will shape the thinking and inform the questions on economic theory and economic policy for the rest of this century, if not for the next 30 or 50 years.
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