The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, In

Description: new and sealed Product InformationSchumpeter 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.Product IdentifiersPublisherRoutledgeISBN-100878556982ISBN-139780878556984eBay Product ID (ePID)1115266Product Key FeaturesFormatTrade PaperbackPublication Year1980LanguageEnglishDimensionsWeight16 OzWidth6in.Height0.7in.Length9in.Additional Product FeaturesAge LevelCollege AudienceCopyright Date1980AuthorJoseph Alois Schumpeter, Joseph A. SchumpeterNumber of Pages320 PagesLc Classification NumberHd75Reviews"[O]ne of the one hundred best books (of all time) in organization and management." --Management and Literature "A notable work of a continental economist who gives a brilliant picture of the economic processes." --American Economic ReviewLccn79-067059

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