In his substantial new introduction John E. Elliott discusses the salient ideas of The Theory of Economic Development against the historical background of three great periods of economic thought in the last two decades.

This book is the outcome of a bibliographical research and historical analysis of the evolution of the international literature on J.A. Schumpeter.

Less well-known are his seminal works published before he left Europe for the United States in 1942. In particular for the first time the missing Chapter Seven of his Theory of Economic Development has been published in this volume.

As a backdrop to these, Swedberg also discusses Schumpeter's tragic personal life. This book provides a thorough overview of Schumpeter's writings, and also introduces previously unpublished material based on his letters and interviews.

These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions.

Time has proved that assessment accurate. Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own.

This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism.

"The author puts this book in the best possible context by referring to the ""magisterial and paradoxical Dr. Schumpeter"".

This book is the outcome of a bibliographical research and historical analysis of the evolution of the international literature on J.A. Schumpeter.