This volume presents an overview of the widespread significance of Schumpeter's thought. The first part examines the reception accorded to Schumpeter's ideas by his contemporaries, whilst the second examines the impact of his scientific ideas from the 1950s to the 1970s. Part three covers the renewed influence of Schumpeter's thought in the 1980s and part four highlights the importance of Schumpeterian ideas for modern macroeconomic theories. The final part of the book demonstrates the influence of his thought in such other fields as public finance, sociology, politics and history.