Description

“All knowledge, however, is the work of centuries and missing links in the chain of development are irreplaceable.”

Originally published in 1914, Economic Doctrine and Method by Joseph A. Schumpeter delves into the core principles of economic theory through a blend of historical narrative and rigorous theoretical examination. With a keen exploration of methodological issues in economics, he grapples with questions of causality, prediction and the role of mathematics in economic analysis, illuminating the evolution of economic doctrines and their implications for understanding the complexities of market dynamics. Schumpeter not only provides a historical overview but also offers a critical assessment of various economic schools of thought, from the classical economists to the marginalists and beyond. A timeless classic, Economic Doctrine and Method remains an essential reading for economists, scholars and students alike.

Endorsement

“Schumpeter’s theory and phraseology have become mainstream today for describing the current era…”