[PDF.47uu] The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Social Science Classics)

The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Social Science Classics)

[PDF.uq41] The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Social Science Classics)

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 | #532290 in eBooks |  2011-12-31 |  2011-12-31 | File type: PDF

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||16 of 18 people found the following review helpful.| Before Keynes and Mandelbrot there was Schumpeter|By Michael Emmett Brady|Schumpeter had an expression that intuitively sums up in a few choice words quite a few of the theoretical concepts of J M Keynes and the empirical/statistical breakthroughs of Benoit Mandelbrot.Unfortunately,Schumpeter lacked the technical training in mathematics,statistics and probability that he nee| || "[O]ne of the one hundred best books (of all time) in organization and management." | —Management and Literature | "A notable work of a continental economist who gives a brilliant picture of the economic processes." | —American E

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 r...

You can specify the type of files you want, for your device.The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Social Science Classics)   |  Joseph A. Schumpeter. Just read it with an open mind because none of us really know.

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