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In this classical analysis of capitalist society, Schumpeter argues that economics is a natural self-regulating mechanism when undisturbed by ""social and other meddlers."" His preface shows that despite weaknesses, theories are based on logic and provide structure for understan…
Overview: Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on …
