This article intends to assess and compare the main contributions to our discipline of two major authors and authorities. Both of them originated in Central Europe and, later on, went to work in the United States, where their most important books on the subject were published posthumously during the second half of the twentieth century. At the same time, besides pertaining to different generations, they also were very unlike from each other.
The eldest, Joseph Alois Schumpeter (1883–1950), remains much better known among contemporary economists, although very few of them seem to have read in its entirety his imposing History of Economic Analysis (1954a), still a model of our trade. The same probably also applies to his shorter and previous book on the same subject, Economic Doctrine and Method, which had been initially published in Germany forty years earlier, as well as to the essays collected in his Ten Great Economists: From Marx to Keynes.