How Long to Read The Theory of Economic Development

How Long Does it Take to Read The Theory of Economic Development?

It takes the average reader 3 hours and 30 minutes to read The Theory of Economic Development by Joseph A. Schumpeter

Assuming a reading speed of 250 words per minute. Learn more

Description

Joseph Schumpeter (1883–1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan. The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics is constantly transformed by its own internal forces. These forces are the 'circular flow' of economic life; economic development, characterised by disruption and innovation; and finally, the levers that push and pull capitalism including credit, profit and interest. These are all manifested in the ‘business cycle’, one of Schumpeter's major contributions to understanding economics and now a perennial feature of virtually all economics and business curricula. He is also the first economist to place the entrepreneur at the heart of capitalism, anticipating subsequent fascination with entrepreneurship in popular business and management writing. Schumpeter also lays the groundwork for his subsequent, highly influential idea of the 'creative destruction' characteristic of radical and rapid economic change. The Theory of Economic Development remains a vital, magisterial account of economics and the nature of capitalism whose many insights remain highly relevant today. This Routledge Classics edition includes a new Introduction by Richard Swedberg.

How long is The Theory of Economic Development?

The Theory of Economic Development by Joseph A. Schumpeter is 206 pages long, and a total of 52,736 words.

This makes it 70% the length of the average book. It also has 64% more words than the average book.

How Long Does it Take to Read The Theory of Economic Development Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 48 minutes to read The Theory of Economic Development aloud.

What Reading Level is The Theory of Economic Development?

The Theory of Economic Development is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Theory of Economic Development?

The Theory of Economic Development by Joseph A. Schumpeter is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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