Power or Pure Economics?

by Joseph A. Schumpeter, Yasuma Takata, Michio Morishima (Editor)

This volume examines the central questions about the nature of economic theory, its historical development and its explanatory power. What determines economic distribution? Can pure economic theory itself explain the fundamentals of distribution or is a broader economics incorporating theories of power in society necessary? The book presents the debate through classic statements of each position from two leading economists of the century, Joseph A. Schumpeter and Yasuma Takata.

192 pages, Hardcover

First published October 1, 1998

About the author

People know Moravian-born Joseph Alois Schumpeter, an American, for his theories of socioeconomic evolution and the development of capitalism.

This political scientist briefly served as finance minister of Austria in 1919. Of the 20th century, the most influential Schumpeter popularized the term "creative destruction."

https://en.wikipedia.org/wiki/Joseph_...