Theory of Economic Development
Routledge, 5 lug 2017 - 320 pagine
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.
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according actually already analysis appear argument bank become Bohm-Bawerk boom Business Cycles capital capitalist carrying chapter characteristic circular flow circumstances combinations commodity competition conception concrete consequence consumers consumption costs course created credit means crises definite demand depression dynamic economic development economic period economic process economic system economic theory economists element employment enterprises entrepreneur entrepreneurial profit equilibrium essential example exchange economy existing explained expression fact factors of production function fundamental Hence important imputation income increase individual industry innovations interpretation J.B. Clark Joseph Alois Schumpeter Keynes kind labor and land latter leader marginal utility Marx Marx’s means of payment means of production merely money market monopoly nature necessary normal permanent phenomena phenomenon position possible practice principle problem produced means productive factors purchasing power quantity question result Schumpeter Schumpeter’s sense services of labor simply social static stationary surplus values theoretical things workers