The Theory of Economic Development (English)
Language: English
Published by Routledge, 2021
- Softcover
- New
Seller: Brook Bookstore On Demand, Napoli, NA, ItalyBrook Bookstore On Demand
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Condition: New
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- Title
- The Theory of Economic Development (English)
- Author
- Schumpeter, Joseph A.
- Publisher
- Routledge
- Publication year
- 2021
- Condition
- new
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 0367705265
- ISBN 13
- 9780367705268
- Item weight
- 0.39 kilograms
Joseph Schumpeter (1883–1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan.
The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics is constantly transformed by its own internal forces. These forces are the 'circular flow' of economic life; economic development, characterised by disruption and innovation; and finally, the levers that push and pull capitalism including credit, profit and interest. These are all manifested in the ‘business cycle’, one of Schumpeter's major contributions to understanding economics and now a perennial feature of virtually all economics and business curricula. He is also the first economist to place the entrepreneur at the heart of capitalism, anticipating subsequent fascination with entrepreneurship in popular business and management writing. Schumpeter also lays the groundwork for his subsequent, highly influential idea of the 'creative destruction' characteristic of radical and rapid economic change.
The Theory of Economic Development remains a vital, magisterial account of economics and the nature of capitalism whose many insights remain highly relevant today.
This Routledge Classics edition includes a new Introduction by Richard Swedberg.
"Synopsis" may belong to another edition of this title.
About the Author
Joseph A. Schumpeter (1883–1950). Originally born in Moravia in the present-day Czech Republic, Schumpeter was a renowned economist, business theorist and political scientist, famous for coining the term 'creative destruction'. He was for many years Professor of Economics at Harvard University and numbered among his pupils Robert Solow, the Nobel Laureate, and former chairman of the Federal Reserve Alan Greenspan. He is the author of Capitalism, Socialism and Democracy, also published in Routledge Classics.
"About the title" may belong to another edition of this title.
Brook Bookstore On Demand
Napoli, NA, Italy
AbeBooks seller since October 11, 2022
Shipping rates from Italy to U.S.A.
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Brook Bookstore On Demand offers a wide selection of books with a continuously updated catalog and fast shipments all over the world. We hold distribution rights with all of the publishers we promote and are in continuous search of new interesting titles to propose to our customers. We are part of Brandon Group SRL (an Italian company) and all of the orders are shipped from Europe. Depending on availability orders will be picked from our different warehouses.
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