FOLIO III · ORT
Czernowitz (today Chernivtsi) is a city in western Ukraine, part of the Habsburg Monarchy from 1775 until the First World War and, from 1849, capital of the crown land of Bukovina. Joseph Schumpeter taught at the German-language university here from 1909.
Czernowitz (today Chernivtsi) is a city in western Ukraine. From 1775 the city belonged to the Habsburg Monarchy. Initially part of the Kingdom of Galicia and Lodomeria, Czernowitz rose in 1849 to become the provincial capital of the Duchy of Bukovina, a separate crown land of Austria-Hungary. In 1875 Emperor Franz Joseph I founded a university with German as its language of instruction, on the hundredth anniversary of the region's affiliation with Austria. After the First World War the city passed to Romania, and later to the Soviet Union. Since 1991 it has been part of Ukraine. The formerly German-speaking culture has by now almost entirely disappeared. Hermann Schwarzwald, a student of Menger, was born in Czernowitz in 1871 and completed his secondary-school and university education here. In 1909 Joseph Schumpeter became an extraordinary professor at the university, and here, until his return to Graz in 1911, he wrote <em>The Theory of Economic Development</em>.
