The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle by Joseph A. Schumpeter

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 7526th greatest book of all time

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Total Points: 45

Since this book was first published in 1911, there is a penalty of 0%. The age adjusted score is 45.0.

This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.