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

SCHUMPETER Joseph A. (1939.)

£18000.00  [First Edition]

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First edition, first printing. Two volumes. 8vo xvi, 448; x, [449]-1095, [1] pp., with 60 charts in the text. Original red cloth, spines ruled and lettered gilt, double blind fillet borders to front covers, original printed dust jackets. New York and London: McGraw-Hill Book Company, Inc.

One of Schumpeter's most significant contributions to economic theory - complete with the original printed dust jackets and of the utmost rarity as such. 

Some very faint spotting to edges of text blocks and endpapers, otherwise internally clean; dust jackets with decorative clips to corners of turn-in folds as issued, not price clipped, some light wear and tiny nicks to extremities, that of Vol. 2 with a short closed tear at the head of rear joint, spine panels evenly browned, slightly scuffed with some minor chipping and loss to tips, notwithstanding a truly excellent pair of the extraordinarily scarce dust jackets.

Among the seminal texts of business cycle literature in which Schumpeter once again 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). 

Swedberg S.010.

Stock Code: 246099

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