The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle.

SCHUMPETER, Joseph A. .

Item Number: 5484

Cambridge, MA: Harvard University Press, 1936.

First edition, second printing. Octavo, original cloth. Signed “Joseph A. Schumpeter May 46” on the front free endpaper. In near fine condition with light toning. Books signed by Schumpeter are rare.

Schumpeter proclaims in this classical analysis of capitalist society that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact. "[O]ne of the one hundred best books (of all time) in organization and management" (Management and Literature).