Bertram Schefold received a B.A. in mathematics, physics, and philosophy. Afterwards, Schefold studied with Joan Robinson, Piero Sraffa, Nicholas Kaldor and others in Trinity Hall, University of Cambridge and became an important member of Neo-Cambridge School. He engaged himself in the Cambridge capital controversy and dove into academic debates with Paul A. Samuelson and John R. Hicks. Since 1974, Schefold has taught economics at Goethe University Frankfurt. During the past forty-five years, he has served as dean of the School of Economics, Goethe University of Frankfurt, chairman and now honorary chairman of the European Society for the History of Economic Thought.

　　Schefold has published over fifty works, over three hundred papers and a number of academic commentaries in the domains of capital theory, history of economic thoughts and environmental economics. He has visited the United States, France, Italy, Japan, Norway, India, and other countries to conduct academic exchanges as a visiting scholar. In Europe, he was involved in the compilation of the complete works of Marx and Engels (MEGA) as a leading authority of Marxian economics studies. His main works include Great Economic Thinkers, Normal Prices, Technical Change and Accumulation, Studies in Political Economy, Joint Production and Other Essays and Business Cycles in Economic Thought (edited).