{"product_id":"the-nature-and-essence-of-joseph-a-schumpeter-9781412811507","title":"The Nature and Essence of Economic Theory","description":"\u003cp\u003eJoseph A. Schumpeter was a monumental figure in the history and development of economics. This work brings together his brilliant lectures, delivered more than a century ago, in its first English-language paperback edition. Here, readers will discover Schumpeter's search for an economic science devoid of moral or political dogma.\u003c\/p\u003e\u003cp\u003e\u003cem\u003e \u003cbr\u003e\u003cp\u003eThe Nature and Essence of Economic Theory\u003c\/p\u003e\u003c\/em\u003e works out what people should think of pure economics, what its nature is, what its methods and findings are, and where thought takes off from there. The book shows the limitations and weaknesses of nineteenth-century economics and how the field could be and was improved by establishing a fundamental differentiation between 'statistics' and 'dynamics'. To convey his arguments, Schumpeter uses certain axioms that form a consistent, self-contained system and show how sound economic science is based on facts and events rather than presuppositions or definitions.\u003c\/p\u003e\u003cp\u003eSchumpeter's larger aim, beyond a pedagogic tool, was to deduce changes in the market, trade, and exchange of goods and services. He defined the task of economy as the description of the system and its change tendencies. If that can be achieved unequivocally, without resorting to doctrine or dogma, then the field can be considered self-contained.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Joseph A. Schumpeter\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1412811503\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781412811507\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Routledge\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/01\/2009\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 490\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.75lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.20h x 6.10w x 1.30d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 08\/01\/2010 pg. 90","brand":"Joseph A. Schumpeter","offers":[{"title":"Hardcover","offer_id":48113494819071,"sku":"9781412811507","price":190.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_bd7fe74e-86aa-4f21-b5da-613a2c4170ad.jpg?v=1769615398","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-nature-and-essence-of-joseph-a-schumpeter-9781412811507","provider":"WR Book House","version":"1.0","type":"link"}