The Nature and Essence of Economic Theory is popular PDF and ePub book, written by Joseph A. Schumpeter in 2017-09-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Nature and Essence of Economic Theory can be Read Online from any device for your convenience.
The Nature and Essence of Economic Theory Book PDF Summary
Joseph A. Schumpeter was a monumental figure in the history and development of economics. This work brings together his brilliant lectures, delivered more than a century ago, in its first English-language paperback edition. Here, readers will discover Schumpeter's search for an economic science devoid of moral or political dogma. The Nature and Essence of Economic Theory works out what people should think of pure economics, what its nature is, what its methods and findings are, and where thought takes off from there. The book shows the limitations and weaknesses of nineteenth-century economics and how the field could be and was improved by establishing a fundamental differentiation between 'statistics' and 'dynamics'. To convey his arguments, Schumpeter uses certain axioms that form a consistent, self-contained system and show how sound economic science is based on facts and events rather than presuppositions or definitions. Schumpeter's larger aim, beyond a pedagogic tool, was to deduce changes in the market, trade, and exchange of goods and services. He defined the task of economy as the description of the system and its change tendencies. If that can be achieved unequivocally, without resorting to doctrine or dogma, then the field can be considered self-contained.
Detail Book of The Nature and Essence of Economic Theory PDF
- Author : Joseph A. Schumpeter
- Release : 08 September 2017
- Publisher : Routledge
- ISBN : 9781351478939
- Genre : Business & Economics
- Total Page : 432 pages
- Language : English
- PDF File Size : 17,5 Mb
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