Theorie der wirtschaftlichen Entwicklung
In his 1908 book 'The Nature and Main Content of Theoretical Economics', the author presented an abstract theory of pure economics in what he assumed to be a 'static' state. In this book, he aims to complement it with a presentation of economic dynamics. From his perspective, this will provide a complete scientific explanation of economic life in its current form.
'Theorie der wirtschaftlichen Entwicklung' Summary
This book is a sequel to the author's earlier work on theoretical economics. It presents a dynamic theory of economic development, which complements his earlier static theory. The author argues that economic development is a process of creative destruction, in which new products and processes replace old ones. This process is driven by entrepreneurs, who are willing to take risks and invest in new ideas. The author also discusses the role of institutions in economic development, and argues that they can either promote or hinder development. This book is a classic work of economic theory, and it has had a major influence on the development of economic thought.Book Details
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GermanOriginal Language
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