Theory of Economic Development - Joseph Schumpeter - Bauman Rare Books

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Theory of Economic Development

Joseph SCHUMPETER

Item#: 106337 We're sorry, this item has been sold

Theory of Economic Development

“THE ENTREPRENEUR [AS] THE SOURCE OF ALL DYNAMIC CHANGE IN AN ECONOMY”

SCHUMPETER, Joseph. The Theory of Economic Development. Cambridge: Harvard University Press, 1936. Octavo, original red cloth, original dust jacket.

First edition, second printing in English of Schumpeter’s classic work on economic growth, in rare original dust jacket.

For economists ranging from Karl Marx to Alfred Marshall, the concept of "progress" in capitalist economies was vaguely defined as the consequence of technological developments. Joseph Schumpeter "was the outstanding exception from this judgment" (Roll, 541) because he identified "the entrepreneur [as] the source of all dynamic change in an economy" (Blaug, 446). They adapted new inventions to the market and their "creative destruction" generated economic progress. Schumpeter concludes that "the entrepreneurial function is not only the vehicle of continual reorganisation of the economic system but also the vehicle" of social mobility. Originally published as Theorie der wirtschaftlichen Entwicklung (copyright 1912; actually published Autumn 1911); the first edition in English was published in 1934..

Book fine, dust jacket with only minor soiling and shallow chipping, mild toning to spine. A near-fine copy.

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