Business Cycles [Volume Two]

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Focusing on the historical impact of technological innovation, this influential economic work delves into the instability inherent in capitalist societies. Schumpeter employs a unique approach that combines theoretical analysis with empirical data, using historical and statistical material to explore economic development. The second volume continues to elaborate on these themes, making it a comprehensive examination of business cycles. This reprint preserves the original 1939 edition's integrity, emphasizing Schumpeter's significant contributions to economic thought.