The Theory of Economic Development by Joseph A. Schumpeter
An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
This book presents a detailed analysis of the mechanisms of economic development, focusing on aspects such as profits, capital, credit, interest, and the business cycle. The author argues that economic development is driven by innovative entrepreneurs who disrupt the status quo, creating new goods and methods of production. He highlights the role of credit in facilitating these innovations, and examines the cyclical nature of economic development. The book also explores the societal and political implications of this process of 'creative destruction'.
The 14883rd greatest book of all time
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- Published
- 1911
- Nationality
- Austrian
- Length
- Medium
- Pages
- 320
- Original Language
- German
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This book is on the following 2 lists:
- 17th on 20 of the Most Important Books for Economics before 1940 (New York Public Library)
- The 100 Best Books in the World (AbeBooks.de (in German))