The theory of economic development : an inquiry into profits, capital, credit, interest, and the business cycle / Joseph A. Schumpeter ; translated from the German by Redvers Opie ; with a new introduction by John E. Elliott
Tipo de material: TextoIdioma: Inglés Lenguaje original: Alemán Series Social science classics series | Harvard economic studies ; v. 46.Editor: New Brunswick, New Jersey : Transaction Publishers, [1997, 1983]Fecha de copyright: ©1983Edición: Fifth printing 1997Descripción: lxiv, 255 páginas ; 23 cmTipo de contenido:- texto
- sin mediación
- volumen
- 0878556982
- 9780878556984
- Inquiry into profits, capital, credit, interest, and the business cycle
- Theorie der wirtschaftlichen Entwicklung. Inglés (Opie)
- HB 175 S462.1997
"Original material copyright ©1934 by the President and Fellows of Harvard College"--
Traducción de: Theorie der wirtschaftlichen Entwicklung.
Incluye referencias bibliográficas.
Translator's note -- Introduction to the transaction edition -- Preface to the English edition -- Circular flow of economic life as conditioned by given circumstances -- Fundamental phenomenon of economic development -- Credit and capital -- Entrepreneurial profit -- Interest on capital -- Business cycle.
Overview: 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.