Power Or Pure Economics?

This text examines central questions about the nature of economic theory, its historical development and its explanatory power. What determines economic distribution - can pure economic theory itself explain the fundamentals of distribution or is a broader economics incorporating theories of power in society necessary? This book presents a debate through the classic statements of two leading economists of the 20th century: Joseph A. Schumpeter and Yasuma Takata. An introduction assesses and places in context the work of both Schumpeter and Takata.