Please note: In order to keep Hive up to date and provide users with the best features, we are no longer able to fully support Internet Explorer. The site is still available to you, however some sections of the site may appear broken. We would encourage you to move to a more modern browser like Firefox, Edge or Chrome in order to experience the site fully.

Supporting your high street Find out how »
The Nature and Essence of Economic Theory, Hardback Book

The Nature and Essence of Economic Theory Hardback

Hardback

Out of stock

Description

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.

Information

Other Formats

£135.00

Out of stock
Add to Basket
Sign in to add to wishlist
 
Free Home Delivery

on all orders

 
Pick up orders

from local bookshops

Information