Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process.

SCHUMPETER Joseph A. (1939.)

£3750.00  [First Edition]

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First edition, first printing. Two volumes. 8vo xvi, 448; x, [449]-1095, [1] pp., with 60 charts in the text. Original red cloth, spines ruled and lettered gilt, double blind fillet borders to front covers (ink underling and marginal annotations to pp. 31-32 of Vol. 1, some light wear to extremities, otherwise a near fine, notably bright set). New York and London: McGraw-Hill Book Company, Inc.

One of Schumpeter's most significant contributions to economic theory, among the seminal texts of business cycle literature. Once again Schumpeter placed the entrepreneur at the centre of events, perhaps why it "met with a less-than-enthusiastic reception. The monumental nature of this study, which included extensive theoretical, historical, and statistical work, placed it beyond the full comprehension of most economists. Its length, combined with the rising tide of Keynesian economics, put it beyond the interests of the profession as well. Colleagues, however, could readily comprehend and respect the amount of effort and scholarly seriousness that went into the project" (ANB). 

Swedberg S.010.

Stock Code: 243067

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