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SCHUMPETER, Joseph Alois.

Business Cycles.

A Theoretical, Historical, and Statistical Analysis of the Capitalist Process.

New York and London, McGraw-Hill Book Company, Inc., 1939 Stock Code: 138560
£4,500.00

A particularly bright copy

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Notes

First edition, first printing, of one of Schumpeter's most significant contributions to economic theory, and among the seminal texts of business cycle literature.
Once again Schumpeter placed the entrepreneur at the centre of events, perhaps why it "met with a less-than-enthusiastic reception. The monumental nature of this study, which included extensive theoretical, historical, and statistical work, placed it beyond the full comprehension of most economists. Its length, combined with the rising tide of Keynesian economics, put it beyond the interests of the profession as well. Colleagues, however, could readily comprehend and respect the amount of effort and scholarly seriousness that went into the project" (ANB).

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Description

2 volumes, octavo. Original red cloth, spines ruled and lettered gilt, blindstamp border to covers.

Illustrations

With 60 charts in the text.

Condition

Ownership stamp to front free endpapers. The cloth bright and fresh, very lightly bumped and rubbed at extremities with light bowing to covers; contents with light dampstaining at edges encroaching into pages at times, with resultant cockling. Internally good, and externally in very desirable condition.

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