A comprehensive investigation into the work of Schumpeter and his contribution to social sciences.This book provides a unified and comprehensive analysis of the work of Joseph Alois Schumpeter (1833-1950), the world-famed economist ranking with John Maynard Keynes. Although Schumpeter is well-known for his work on economic development and innovation, his aim to construct a universal social science addressing the evolution of mind and society is usually ignored. A major contribution to the history of economic thought, this book will be the standard of Schumpeter scholarship for years to come.This book provides a unified and comprehensive analysis of the work of Joseph Alois Schumpeter (1833-1950), the world-famed economist ranking with John Maynard Keynes. Although Schumpeter is well-known for his work on economic development and innovation, his aim to construct a universal social science addressing the evolution of mind and society is usually ignored. A major contribution to the history of economic thought, this book will be the standard of Schumpeter scholarship for years to come.This book provides a unified and comprehensive analysis of the work of Joseph Alois Schumpeter (1883-1950), the world-famed economist ranked with John Maynard Keynes. Although Schumpeter is well known for his work on economic development and innovation, his aim to construct a universal social science addressing the evolution of mind and society is usually ignored. A major contribution to the history of economic thought, this book will be the standard of Schumpeter scholarship for years to come.List of figures; Preface; 1. Introduction; 2. Schumpeter and his surroundings: an overview; 3. The scope and methods of Schumpeter's research program; 4. The sociology of science and Schumpeter's ideology; 5. The economic methodology of instrumentalism; 6. Static economics as an exact science; 7. The theory of economic development as a midpoint; 8. A methodology of economic sociology; 9. Economic socl