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Essays - On Entrepreneurs, Innovations, Business Cycles, and the Evolution of Capitalism (Hardcover)
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Essays - On Entrepreneurs, Innovations, Business Cycles, and the Evolution of Capitalism (Hardcover)
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Ordinarily, the word essays is invoked at great risk by authors and
publishers alike. But in the case of this special collection by
Joseph A. Schumpeter, the great Austrian economist who finally
settled at Harvard, the scholarly world knows this particular
volume as his Essays. For a less pious younger generation, a
subtitle has been added describing what these essays are about.In
addition to the major themes of Schumpeter's life: the place of the
entrepreneur in economic development, the risks and rewards of
innovation, business cycles and why they occur, and the evolution
of capitalism in Europe and America, the Essays contain statements
on how Schumpeter viewed his own development; they discuss how he
looked at Marxism, and how he feared that economics was in danger
of becoming too ideological.Several of the Essays are classics.
This is the case for "The Creative Response in Economic History" in
which Schumpeter makes a plea for the close cooperation between
economic theory and economic history. Another is "Science and
Ideology," which constitutes Schumpeter's presidential address
before the American Economic Association. Finally, there is the
intriguing preface to the Japanese translation of Theory of
Economic Development, in which Schumpeter names Walras and Marx as
his two great predecessors.Even those who treasure the original
publication were irritated by the remarkably poor quality of much
of the book, which reproduced everything from typewriter script to
nearly unreadable, reduced double columns. These lapses have been
corrected in this new edition. Here Schumpeter's Essays can finally
be read with the enjoyment, no lesS than enlightenment, they
deserve. The volume is alive to the basic issues of our time. The
reader can look forward to intellectual insight and stimuli of the
highest order.
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