Schumpeter, Joseph A
The Theory of Economic Development (Routledge Classics)
- ISBN 13:
- 9780367705268
- author:
- Schumpeter, Joseph A
- format:
- Paperback / softback
- publisher:
- Routledge
- language:
- English
- Publication Year:
- 2021
- Pages:
- 352
- Dimensions:
- 23.4 x 15.6 x 1.4 centimeters (0
- Genre:
- Business, Economic History, Business,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Joseph A. Schumpeter's seminal work on economic development challenges conventional wisdom by proposing that economic growth proceeds in cycles rather than being a smooth, even process. In "The Theory of Economic Development", Schumpeter argues that economics is driven by its own internal forces, including the circular flow of economic life, disruption and innovation, and the levers that shape capitalism such as credit, profit, and interest. Schumpeter's groundbreaking ideas have had a lasting impact on our understanding of economics and capitalism. He places the entrepreneur at the heart of capitalist systems, anticipating later fascination with entrepreneurship in business writing. The book also lays the groundwork for his concept of "creative destruction", which describes radical and rapid economic change. This Routledge Classics edition includes a new Introduction by Richard Swedberg, providing fresh context and insights into Schumpeter's enduring work.
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