Theory of Economic Development

Schumpeter, Joseph A.

Published by Transaction Publishers
ISBN 10: 0878556982 / ISBN 13: 9780878556984
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Num Pages: 320 pages, black & white illustrations. BIC Classification: KCA. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 232 x 169 x 22. Weight in Grams: 494. . 1982. New ed. Paperback. . . . . Books ship from the US and Ireland. Bookseller Inventory #

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Synopsis:

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.

About the Author:

Joseph A. Schumpeter (1883-1950) was professor of economics at the University of Graz and at Bonn. He also served as Austrian minister of finance. He later moved to the United States where he taught at Harvard University until his death. His works include Business Cycles, History of Economic Analysis, and Capitalism, Socialism, and Democracy.



John E. Elliott is professor of economics, University of Southern California. He has edited the volumes Economic Issues and Policies and Competing Philosophies in American Political Economies

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Title: Theory of Economic Development
Publisher: Transaction Publishers
Book Condition: New

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Schumpeter, Joseph A. / Translated from the German by Redvers Opie / With a New Introduction by John E. Elliott
Published by Transaction Publishers, New Brunswick (U.S.A.) and London (1993)
ISBN 10: 0878556982 ISBN 13: 9780878556984
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Book Description Transaction Publishers, New Brunswick (U.S.A.) and London, 1993. Soft cover. Book Condition: As New. No Jacket. Cover design by Debbie Iorio (illustrator). 8vo - over 7¾ - 9¾" tall. "Third printing 1993" of this trade paperback. (First published in the German in 1911.) A Viennese aristocrat, student of Bohm-Bawerk, Schumpeter served briefly as Austrian finance minister and as president of a bank in Vienna. After a triumphal tour of Japan (where his writings on capitalist development had created a minor sensation) in the 1930s, the economist ended up spending his last 15 years at Harvard. Elliott was professor of Economics at USC. Totals 255 pp., no index. Reduced from $21. Bookseller Inventory # 004116

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Joseph A. Schumpeter
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Schumpeter, Joseph A.; Elliott, John E. [Introduction]
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