000			02431nam a22002297a 4500
999			_c1905 _d1905
005			20220316155759.0
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020			_a9780367705268
082			_a330.1 _bSCH
100			_aSchumpeter, Joseph A. _94516
245			_aThe theory of economic development
260			_bRoutledge _aNew York _c2021
300			_axix, 234 p.
365			_aGBP _b17.99
504			_aTable of Contents Introduction to the Routledge Classics Edition Richard Swedberg 1. The Circular Flow of Economic Life as Conditioned by Given Circumstances 2. The Fundamental Phenomenon of Economic Development 3. Credit and Capital 4. Entrepreneurial Profit 5. Interest on Capital 6. The Business Cycle. Index
520			_aJoseph Schumpeter (1883–1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan. The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics is constantly transformed by its own internal forces. These forces are the 'circular flow' of economic life; economic development, characterised by disruption and innovation; and finally, the levers that push and pull capitalism including credit, profit and interest. These are all manifested in the ‘business cycle’, one of Schumpeter's major contributions to understanding economics and now a perennial feature of virtually all economics and business curricula. He is also the first economist to place the entrepreneur at the heart of capitalism, anticipating subsequent fascination with entrepreneurship in popular business and management writing. Schumpeter also lays the groundwork for his subsequent, highly influential idea of the 'creative destruction' characteristic of radical and rapid economic change.
650			_aEconomics _9722
650			_aEconomic history _91697
650			_aEconomic development _91932
650			_aCapitalism _92731
942			_2ddc _cBK