Business Cycles [Volume One]

The historical role of technological innovation in capitalist societies is a central theme in this influential economic work. Schumpeter analyzes economic development through empirical data, integrating theory with detailed industrial history. This volume, part of a two-volume set, presents a comprehensive statistical framework that highlights the instability inherent in capitalist systems. Originally published in 1939, it remains a classic in economic literature, showcasing Schumpeter's profound impact on 20th-century economic thought.