• ISBN13: 9788124806432
• Binding: Paperback
• Subject: English Literature
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Peacock Books
• Publication Date: January 25, 2025
• Pages: 274
• Original Price: INR 350.00
• Language: English
• Edition: N/A
• Item Weight: 250 grams

The task of the economist is not to predict the future but to explain the present. Ten Great Economists, originally published in 1914, offers an insightful exploration of the influential minds who shaped the field of economics. Through a blend of historical context and detailed analysis, this book presents the key contributions of each economist, examining their theories, methodologies and enduring impact on the discipline. From classical to modern economics, the seminal work highlights the intellectual evolution of economic thought, addressing complex concepts like market dynamics, economic growth and the role of mathematical modelling. A must-read for economists, students and scholars, Ten Great Economists serves as a valuable resource for understanding the foundational ideas that continue to shape economic theory today.

Joseph A. Schumpeter (1883–1950) was an Austrian-American economist and political scientist, renowned for his contributions to economic theory and his analysis of capitalism's dynamics. Schumpeter is best known for his concept of *creative destruction*, which describes how innovation leads to the dismantling of old industries and the rise of new ones, driving economic progress. His major works, including *The Theory of Economic Development* (1911) and *Capitalism, Socialism and Democracy* (1942), explored the roles of entrepreneurs, innovation, and economic cycles. Schumpeter's insights into entrepreneurship, business cycles, and the future of capitalism have left a lasting impact on both economics and policy.