The theory of economic development
an inquiry into profits, capital, credit, interest, and the business cycle
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Author
Contributions
- Opie, Redvers, tr. - Contributor
Publication
1934 - Harvard University Press, Cambridge, Mass, Massachusetts
Language
English
Word Count
63,750 words, Guess
Page Count
255 pages
Identifiers
- Internet Archivetheoryofeconomic0000schu
- Library of Congress Control Number34038868
- OCLC Control Number772145
- Open LibraryOL6314175M
Classifications
- DDC330.1
- LCCHB175 .S462
Description
Overview: 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 businesspeople. 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.
Subjects
Series Statement
- Harvard economic studies.
- vol. XLVI
Other Editions
- The theory of economic development: an inquiry into profits, capital, credit, interest, and the business cycle
Show 14 more editions
4 other editions not shown
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