Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process, Volume 1
Schumpeter is without doubt one of the most influential economists of the 20th century. Business Cycles  is considered his great work. We reprint the first edition published in 1939 in two volumes. In "Business Cycles" Schumpeter focuses powerfully on the historical role of technological innovation in accounting for the high degree of instability in capitalists societies. He aims to analyze empirically the actual process of economic development using historical and statistical material based on the theoretical framework he developed in earlier writings. He tried to integrate theory and history primarily by means of statistics. It is because he adopted the method of filling in the statistical contours with detailed industrial history that "Business Cycles" comprises two large volumes. A Classic work, not otherwise available in the original two volume format.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Developments in the United States the general pattern aviation power production
25 other sections not shown
Other editions - View all
actually amount analysis argument assume banks become behavior capital capitalist carry cause commodities competition concept considerable consumers cost course created curve cycles cyclical definite demand depression difficulties discussion distinct disturbance economic effects element entrepreneurs equilibrium example existence expected explain external fact factors fall financing firms fluctuations follow function fundamental given hand hence historical important increase individual industry innovation instance interest investment Juglar kind less logical look material matter means mechanism method monetary nature necessary never observe obvious occur output particular period phases phenomena possible practice present problem production Professor profits prosperity quantities question railroad reader reason reference relation rise saving schema seems sense simply situation statistical success supply theoretical theory things tion true turn unit values wave whole writer