Abstract

So far Schumpeter’s affinities with the German Historical School (GHS) have been inadequately acknowledged or even unexplored in major accounts of Schumpeter’s work. This essay argues that Schumpeter’s principal theses are consistent with the GHS. Schumpeter’s affinity with the GHS is established by examining his writings and his relationship with Schmoller,MaxWeber and Sombart. It is demonstrated that Schumpeter’s works built heavily on the GHS. However, some obvious differences between Schumpeter and the GHS are observed. Clearly future and more extended research on the GHS would be of great interest.