SCHUMPETER, Joseph Alois (1883-1959). Business Cycles a Theoretical, Historical, and Statistical Analysis of the Capitalist Process. New York and London: McGraw Hill Book Company, Inc., 1939.

2 volumes, 8vo. Original maroon cloth, spines blocked in black and gilt-lettered (some wear and vol.I head of spine cover separating, corners bumped, some staining, possible removal of bookplates on endpapers or shelfmarks on spine).

FIRST EDITION (stated) of Schumpeter's crucial contribution to the history of business and economic theory. As one of the most influential economists of the 20th century, Schumpeter championed entrepreneurs as agents of change in business cycles and was a Professor of Economics at Harvard University during the publication of this work.