Imperialism and Social Classes

2014 Reprint of 1951 Edition. Full facsimile of the original edition not reproduced with Optical Recognition Software. Joseph Schumpeter was not a member of the Austrian School but he was an enormously creative classical liberal and this 1919 book shows him at his best. He presents a theory of how states become empires and applies his insight to explaining many historical episodes. His account of the foreign policy of Imperial Rome reads like a critique of the US today. The second essay examines class mobility and political dynamics within a capitalistic society. Overall a very important contribution to the literature of political economy.