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 7553rd greatest book of all time


Published
1911
Nationality
Austrian
Type
Nonfiction
Pages
Unknown
Words
Unknown
Original Language
German

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