{"title":"Joseph A. Schumpeter","description":"\u003cp\u003e\u003cstrong\u003eJoseph A. Schumpeter's\u003c\/strong\u003e works delve into the dynamic forces shaping economic development and innovation. His writings explore the concepts of entrepreneurship, creative destruction, and the evolving nature of capitalism, offering profound insights into the mechanisms of economic change.\u003c\/p\u003e\n\n\u003cp\u003eIdeal for readers interested in \u003cem\u003eEducation \u0026amp; Reference\u003c\/em\u003e, Schumpeter’s books provide a foundational understanding of economic theory, blending rigorous analysis with thought-provoking ideas that continue to influence contemporary economic thought.\u003c\/p\u003e","products":[{"product_id":"the-theory-of-economic-development-by-joseph-a-schumpeter-9780367705275","title":"The Theory of Economic Development","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eJoseph Schumpeter (1883–1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan.\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eThe Theory of Economic Development\u003c\/i\u003e is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics is constantly transformed by its own internal forces. These forces are the 'circular flow' of economic life; economic development, characterised by disruption and innovation; and finally, the levers that push and pull capitalism including credit, profit and interest.\u003c\/p\u003e\n\n\u003cp\u003eThese are all manifested in the ‘business cycle’, one of Schumpeter's major contributions to understanding economics and now a perennial feature of virtually all economics and business curricula. He is also the first economist to place the entrepreneur at the heart of capitalism, anticipating subsequent fascination with entrepreneurship in popular business and management writing. Schumpeter also lays the groundwork for his subsequent, highly influential idea of the 'creative destruction' characteristic of radical and rapid economic change.\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eThe Theory of Economic Development\u003c\/i\u003e remains a vital, magisterial account of economics and the nature of capitalism whose many insights remain highly relevant today.\u003c\/p\u003e\n\n\u003cp\u003eThis Routledge Classics edition includes a new Introduction by Richard Swedberg.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":47608179294444,"sku":"9780367705275","price":329.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780367705275-the-theory-of-economic-development.jpg?v=1778188035"}],"url":"https:\/\/bookhero.co.nz\/collections\/joseph-a-schumpeter.oembed","provider":"Book Hero","version":"1.0","type":"link"}