The Tax State in Crisis: Can Schumpeterian Public Finance Claim Modem Relevance?
The phenomenon of economic crises and their causes have been central to Schumpeter’s thinking. His interest in theories of crises can be traced back as early as to the year 1910, when he published two essays on “The Modem Economic Theory in the United States1” and “On the Nature of Economic Crises2”. Schumpeter’s concern for economic crises exerted also marked influence on his Theory of Economic Development3 and determined fully his paper of 1914 on “The Undulation of the Economy4”. Later he pursued his work on economic crises into several branches, of which his attention to business cycles5 and his prophecy of the eventual decay of capitalism6 are outstanding examples. The lectures of Professors Tichy and Schachner-Blazizek in this volume deal with these provinces of Schumpeter’s work.
KeywordsFiscal Policy Fiscal Crisis Business Sphere High Income Stratum Consumption Sphere
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