The shaping of a young Austro-Hungarian conservative, 1883-1913 -- War, fragmentation and "Tory democracy," 1914-1918 -- Conservatism after the old regime: ventures political, commercial and scholarly, 1919- -- 1932 -- Conservatism after the old regime: new continent, new contentions, 1932-1950 -- Equilibrium economics -- Innovation and creative destruction -- The capitalist order: the tax state, imperialism and social classes -- Schumpeter as a conservative thinker -- The capitalist order's "crumbling walls" -- Democracy -- Schumpeter, Hayek and Polanyi on the prospects of capitalism and socialism -- How historical lags shaped Schumpeter's influence -- Elite democracy -- Innovative capitalism -- Tax states -- Atavistic empires -- Functional classes -- Economic sociology -- Democratic theory appropriations -- Conservative appropriations