Business cycles

This two-volume work by Joseph Schumpeter is a monumental study that aims to analyze the economic development of capitalist societies through the lens of technological innovation and its impact on economic stability.

Schumpeter integrates theory, history, and statistics to provide a detailed examination of business cycles, focusing on the role of innovation and the cyclical process of economic evolution.

The book was intended as a sequel to his earlier work, 'The Theory of Economic Development', and is considered one of his greatest contributions to economic theory.