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The Theory of Economic Development

An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle

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Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact. Of those who argue against him, Schumpeter asks a fundamental question: "Is it really artificial to keep separate the phenomena incidental to running a firm and the phenomena incidental to creating a new one?" In his answers, Schumpeter offers guidance to Third World politicians no less than First World businessman. In his substantial new introduction John E. Elliott discusses the salient ideas of The Theory of Economic Development against the historical background of three great periods of economic thought in the last two decades.

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The Theory of Economic Development, Joseph Alois Schumpeter

Jazyk
Rok vydania
1983
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4,2
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191 Hodnotenie

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Titul
The Theory of Economic Development
Podtitul
An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle
Jazyk
anglicky
Rok vydania
1983
Väzba
mäkká
Počet strán
324
ISBN10
0878556982
ISBN13
9780878556984
Série
Hodnotenie
4,15 z 5
Anotácia
Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact. Of those who argue against him, Schumpeter asks a fundamental question: "Is it really artificial to keep separate the phenomena incidental to running a firm and the phenomena incidental to creating a new one?" In his answers, Schumpeter offers guidance to Third World politicians no less than First World businessman. In his substantial new introduction John E. Elliott discusses the salient ideas of The Theory of Economic Development against the historical background of three great periods of economic thought in the last two decades.