Pdf on feb 6 2017 michael fritsch published the theory of economic development an inquiry into profits capital credit interest and the business cycle find read and cite all the . 2017 the theory of economic development an inquiry into profits capital credit interest and the business cycle regional studies vol 51 no 4 pp 654 655. Interest profit productive interest and business fluctuations capital credit and entrepreneurs can better be explained by reference to processes of development a static economy would know no productive interest which has its source in the profits that arise from the process of development successful execution of new combinations. The theory of economic development an inquiry into profits capital credit interest and the business cycle economics third world studies galaxy book gb 55 volume 55 of galaxy book volume 46 of harvard economic studies volume 46 of social science classics series third world studies author joseph alois schumpeter edition reprint . The theory of economic development an inquiry into profits capital credit interest and the business cycle joseph a schumpeter despite weaknesses he argues theories are based on logic and provide structure for understanding fact