The Theory of Economic Development
Joseph Schumpeter
What’s inside
The book presents pioneering thoughts on economic development, exploring the relationship between entrepreneurial innovation and economic growth.
You’ll Learn
- Gain insights into the mechanism of economic growth
- Understand the role of innovation in economic development
- Explore the concept of ‘creative destruction’
- Learn about the effects of credit creation
Key Points
- Role of the entrepreneur in economic development
- Innovation as key to economic growth
- Concept of ‘creative destruction’
- Importance of credit creation
- Link between development and business cycles
Who’s it For
- Economists
- Policy Makers
- Entrepreneurs
- Business Students
About author
Joseph Schumpeter was an influential 20th-century economist known for his theories on business cycles and capitalist development.