The Theory of Economic Development (Routledge Classics) by Schumpeter, Joseph A

Hardback. New. 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… Read More

Routledge, 2021. Hardcover. New. 234 pages. 9.25x6.00x0.75 inches.

Hard Cover. New. New Book; Fast Shipping from UK; Not signed; Not First Edition; The The Theory of Economic Development.

Routledge, 2021. Hardcover. New. 234 pages. 9.25x6.00x0.75 inches.