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

SCHUMPETER Joseph Alois (1939.)

£18000.00  [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 lettered and ruled in gilt, front covers panelled in blind, original printed dust jackets. New York and London: McGraw-Hill Book Company, Inc.

One of Schumpeter's most significant contributions to economic theory - complete with the original printed dust jackets, of the utmost rarity as such. 

Some faint spotting to edges of text blocks and endpapers, small ink stain to margin of p. 618 of Vol. 2, not effecting text, otherwise generally internally clean; the cloth shows only some minor shelf wear to extremities, but remains near fine and notably bright in all other respects; dust jackets with decorative clips to corners of turn-in folds as issued, not price clipped, rather worn with various tiny nicks and short closed tears to extremities, spine panels heavily darkened and slightly scuffed with some minor chipping and loss to tips, rear panel of Vol. 1 with 2.2cm triangular closed tear resulting in some concertinaing to the affected area, Vol. 2 with a short closed tear at the head of rear joint, notwithstanding a really excellent pair of the extraordinarily scarce dust jackets.

Among the seminal texts of business cycle literature in which Schumpeter once again 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: 246099

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