Abstract

Cycles and the System
Sweezy, Paul M. | February 3, 1940 issue

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Professor Joseph A. Schumpeter is preeminently an economists' economist. Following in footsteps of a small but distinguished band of predecessors he has written mainly for his scientific colleagues. His real influence consequently has been much more extensive than the general reading public is in a position to realize. The book "Business Cycles," is a somewhat misleading title for this comprehensive treatise. But the careful reader will soon discover that the title is not capricious. For in Schumpeter's view the business cycle is the inevitable form of capitalist development and development, in turn, is the sine qua non of the capitalist system.

See Also:

BUSINESS Cycles (Book); BUSINESS cycles; CAPITALISM; TREATIES; ECONOMISTS
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