![]() ![]() ![]() The last section, Marx the Teacher, evaluates the usefulness of Marx's thought to interpret the events of his time and those between his death and Schumpeter's time. ![]() He also deals with the concept of crisis and business cycle, two economic theories that Marx pioneered (p. 39). The section Marx the Economist focuses on Marx's economic theory and judges it excessively "stationary" (pp. 27, 31). The section Marx the Sociologist focuses on how Marx's theory of class fits in with the larger intellectual traditions of the day and how it superseded them in at least its ability to synthesize sociological thought. The section Marx the Prophet explains that if nothing else Marx would have been received well by people who needed a theory to explain what was happening in their society. The analysis of Marx is broken down into four roles that Schumpeter ascribes to the writer (prophet, sociologist, economist, and teacher). Noteworthy is the way that Schumpeter points out the difference between the capitalist and the entrepreneur, a distinction that he claims Marx would have been better served to make (p. 52). Schumpeter devotes the first 56 pages of the book to an analysis of Marxian thought and the place within it for entrepreneurs. ( June 2009) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. ![]() Please help improve this section by adding citations to reliable sources. ![]()
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