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

The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle

John E. Elliott, Joseph A. Schumpeter

244 pages • first pub 1934 (editions)

nonfiction business economics challenging informative medium-paced
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In this classical analysis of capitalist society, Schumpeter argues that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." His preface shows that despite weaknesses, theories are based on logic and p...

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