Joseph A. Schumpeter: Critical Assessments

Joseph A. Schumpeter (1883-1950), a leading economist of his time, worked successively in Austria, Bonn and Harvard. With a broad view of the socio-economic process, he made major contributions to economics, political philosophy and the theory of economic development. Schumpeter's main concern was to explain economic development, including future economic development. He considered that the tendency was towards static, circular-flow economies; and that the role of the entrepreneur was vital in bringing about the technological and organizational innovations necessary to preserve dynamism and wealth-creation. He also examined the roles of trade cycles and credit mechanisms in this process, and predicted that capitalism would evolve gradually into socialism over time. These volumes provide students and professionals in economic thought, politics, and philosophy with immediate access to J.A. Schumpeter's contributions and show how his work has been received and modified by others.Wood, John C. is the author of 'Joseph A. Schumpeter: Critical Assessments' with ISBN 9780415056687 and ISBN 0415056683.