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 1939] 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.
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Prices and Quantities op Individual Commodities 520
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actually American analysis argument banks behavior boom business cycles business situation capital capitalist century commodities competition concept consumers course created credit creation crises crisis cyclical process demand depression display disturbance economic process economic system effects element England enterprise entrepreneurs equilibrium evolution example existence expect external factors fact factors of production fall financing firms fluctuations fundamental German gold hence historical important increase individual industrial innovation instance interest investment Juglar Kondratieff logic matter means mechanism ment method monetary monopolistic monopolistic competition monopoly observe obvious old firms oligopoly output particular perfect competition period periodogram phase phenomena possible practice present price level problem production functions Professor profits proposition prosperity purposes quantities railroad reader reason recession saving schema sense simply social stationary process statistical technological theoretical theory things tion trade trend values variables Walrasian equilibrium wave writer