Nature and Essence of Economic Theory

Joseph A. Schumpeter (1883-1950) was professor of economics at the University of Graz and at Bonn University. He also served as Austrian minister of finance. He later moved to the United States where he taught at Harvard University until his death. Bruce A. McDaniel is professor of economics at the University of Northern Colorado. He is the author of several journal articles and Entrepreneurship and Innovation: An Economic Approach. Bruce A. McDaniel is professor of economics at the University of Northern Colorado. He is the author of several journal articles and Entrepreneurship and Innovation: An Economic Approach.

• 1: Introduction to the Transaction Edition; 1: Preface to the First Paperback Edition; 1: Preface; One: Conditions of Development of the Political Systems of the Historical Bureaucratic Empires; 1: The Historical Bureaucratic Polities The Setting and the Problem; 2: The Fundamental Characteristics of the Political Systems and the Social Conditions of Their Development Basic Hypotheses; 3: The Economic Structure of the Historical Bureaucratic Societies; 4: Religious and Cultural Organization and Orientation; 5: Social Organization and Stratification; 6: The Social Conditions and the Institutionalization of the Political Systems; Two: Conditions of Perpetuation of the Political Systems of the Historical Bureaucratic Empires; 7: The Policies of the Rulers; 8: The Political Orientations and Activities of the Major Groups and Strata; 9: The Social Determinants of the Political Processes A Comparative Analysis; 10: The Place of the Bureaucracy in the Political Process; 11: The Place of the Political Process in the Social Structures of the Centralized Empires; 12: Processes of Change in the Political Systems; 13: Conclusions