Schumpeter's Venture Money

Michael Peneder is senior economist at the Austrian Institute of Economic Research (WIFO) and was its deputy director from 2010 to 2013. He has been a Visiting Professor at the Ritsumeikan University in Kyoto as well as Visiting Researcher at Stanford University and Harvard University. He teaches at the Vienna University of Economics and Business, and is editor of the Journal of Industry, Competition, and Trade. As chairman of the Committee for Evolutionary Economics he was a board member of the German Economic Association. His research focuses on industrial development, innovation, and entrepreneurial finance.Andreas Resch is associate professor at the Institute for Economic and Social History at the Vienna University of Economics and Business. He has spent two terms as Bye-Fellow at Robinson College, University of Cambridge, and has authored numerous publications in fields such as banking and financial history, industrial history, business history, and the history of innovation in German and English language.

• 1:Introduction: Schumpeter's Life and Vision I. History and Heterodox Sources 2:Early Origins of Money 3:Ascending capitalism 4:Financing Industrial Development II. Schumpeter's Monetary Theory of Development 5:Marginalism and the Austrian School 6:Non-Neutrality of Money 7:Finance and Economic Evolution III. Schumpeter's Failed Financial Ventures 8:The Biedermann Bank 9:The Braun-Stammfest Industrial Group 10:Causes and Consequences IV. Current Legacy 11:A Legacy Lost 12:The Vision Sustained 13:In the Current Stream 14:Epilogue: A Schumpeterian Heritage

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