My second concern was to retain a full account of the interpreta- tion of the cyclical history of one country, in preference to partial ac- counts of the three countries that Schumpeter discussed at length. The nature of the theory, which includes a Kondratieff cycle sixty years in duration, calls for a long sweep of history. That the country chosen should be the United States rather than England or Germany reflects more than the national origins of editor and publisher. The United States was the country Schumpeter devoted most attention to and, par- ticularly in the discussion of the 1930s, is.
