Economic Doctrine and Method

Name: Economic Doctrine and Method
Brand: Peacock Books
SKU: 9788124805787
Price: 263.0 INR
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by Joseph A. Schumpeter

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ISBN13: 9788124805787
Binding: Paperback
Subject: Economics
Publisher: Atlantic Publishers & Distributors (P) Ltd
Publisher Imprint: Peacock Books
Publication Date: December 19, 2024
Pages: 196
Original Price: INR 375.0
Language: English
Edition: N/A
Item Weight: 180 grams
BISAC Subject(s): N/A

About The Book

“All knowledge, however, is the work of centuries and missing links in the chain of development are irreplaceable.”

Originally published in 1914, Economic Doctrine and Method by Joseph A. Schumpeter delves into the core principles of economic theory through a blend of historical narrative and rigorous theoretical examination. With a keen exploration of methodological issues in economics, he grapples with questions of causality, prediction and the role of mathematics in economic analysis, illuminating the evolution of economic doctrines and their implications for understanding the complexities of market dynamics. Schumpeter not only provides a historical overview but also offers a critical assessment of various economic schools of thought, from the classical economists to the marginalists and beyond. A timeless classic, Economic Doctrine and Method remains an essential reading for economists, scholars and students alike.

Endorsement

“Schumpeter's theory and phraseology have become mainstream today for describing the current era...”

—The New York Times

About The Author

Joseph Alois Schumpeter (1883–1950) was a prominent Austrian political economist known for his influential contributions to economic theory. Born in Triesch, Habsburg Moravia (now Třešť, Czech Republic), he considered himself an ethnic German, and his father's death at a young age shaped his early life. Schumpeter received his doctoral degree from the University of Vienna and embarked on an academic career, teaching at various universities. He taught at Columbia University from 1913 to 1914, marking a high point in his career. He became Minister of Finance in the Republic of German-Austria in 1919, proposing innovative solutions to address war debt. Financial difficulties in the early 1920s led to his resignation from banking positions. Schumpeter's academic journey continued with a chair at the University of Bonn until 1932. He later moved to the United States, becoming a professor at Harvard University in 1932, where he developed a reputation for his distinctive teaching style and engaged with students extensively. While at Harvard, Schumpeter faced challenges, including opposition to his views on Marxism and Socialism. Nevertheless, he persisted in Schumpeter's ideas, including the concept of ‘creative destruction’, left an enduring impact on economic thought, solidifying his status as one of the most influential economists of the early twentieth century.

Table of Contents

CONTENTS
1. Karl Marx (1818–1883)
2. Marie Esprit Léon Walras (1834–1910)
3. Carl Menger (1840–1921)
4. Alfred Marshall (1842–1924)
5. Vilfredo Pareto (1848–1923)
6. Eugen von Böhm-Bawerk (1851–1914)
7. Frank William Taussig (1859–1940)
8. Irving Fisher (1867–1947)
9. Wesley Clair Mitchell (1874–1948)
10. John Maynard Keynes (1883–1946)
APPENDIX
G.F. Knapp (1842–1926)
Friedrich von Wieser (1851–1926)
Ladislaus von Bortkiewicz (1868–1931)

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