The Theory of Economic Development
E211934
The Theory of Economic Development is a foundational economic work by Joseph Schumpeter that explains how innovation and entrepreneurial activity drive long-term economic growth and structural change.
All labels observed (3)
| Label | Occurrences |
|---|---|
| "The Theory of Economic Development" | 1 |
| The Theory of Economic Development canonical | 1 |
| Theorie der wirtschaftlichen Entwicklung | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1909198 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: The Theory of Economic Development Context triple: [Joseph Schumpeter, notableWork, The Theory of Economic Development]
-
A.
A Theory of Economic History
A Theory of Economic History is an influential work by economist John R. Hicks that applies economic theory to interpret and explain long-term historical development and institutional change.
-
B.
On the Theory of Economic Policy
On the Theory of Economic Policy is a foundational work in economics by Jan Tinbergen that systematically analyzes how governments can design and coordinate economic policies using formal models and quantitative methods.
-
C.
Introduction to Modern Economic Growth
Introduction to Modern Economic Growth is a comprehensive graduate-level textbook that rigorously develops the theory and empirics of long-run economic growth, with a strong emphasis on microfoundations and institutional factors.
-
D.
A Contribution to the Theory of the Trade Cycle
A Contribution to the Theory of the Trade Cycle is an influential economic work by John R. Hicks that develops a formal model to explain the causes and dynamics of business cycles.
-
E.
The Process of Circulation of Capital
The Process of Circulation of Capital is the second volume of Karl Marx’s Das Kapital, analyzing how capital moves through the phases of production, circulation, and realization in a capitalist economy.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: The Theory of Economic Development Target entity description: The Theory of Economic Development is a foundational economic work by Joseph Schumpeter that explains how innovation and entrepreneurial activity drive long-term economic growth and structural change.
-
A.
A Theory of Economic History
A Theory of Economic History is an influential work by economist John R. Hicks that applies economic theory to interpret and explain long-term historical development and institutional change.
-
B.
On the Theory of Economic Policy
On the Theory of Economic Policy is a foundational work in economics by Jan Tinbergen that systematically analyzes how governments can design and coordinate economic policies using formal models and quantitative methods.
-
C.
Introduction to Modern Economic Growth
Introduction to Modern Economic Growth is a comprehensive graduate-level textbook that rigorously develops the theory and empirics of long-run economic growth, with a strong emphasis on microfoundations and institutional factors.
-
D.
A Contribution to the Theory of the Trade Cycle
A Contribution to the Theory of the Trade Cycle is an influential economic work by John R. Hicks that develops a formal model to explain the causes and dynamics of business cycles.
-
E.
The Process of Circulation of Capital
The Process of Circulation of Capital is the second volume of Karl Marx’s Das Kapital, analyzing how capital moves through the phases of production, circulation, and realization in a capitalist economy.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economic treatise ⓘ |
| academicDiscipline | political economy ⓘ |
| argues |
bank credit is essential for financing innovation
ⓘ
economic development is driven by innovation rather than simple capital accumulation ⓘ entrepreneurs introduce new combinations that disrupt equilibrium ⓘ |
| author | Joseph Schumpeter ⓘ |
| englishEditionPublicationYear | 1934 ⓘ |
| englishTranslator | Redvers Opie ⓘ |
| explains |
endogenous business cycles
ⓘ
interaction between credit and innovation ⓘ role of entrepreneurs in structural change ⓘ role of innovation in long-term economic growth ⓘ |
| fieldOfWork |
development economics
ⓘ
economics ⓘ innovation economics ⓘ |
| firstEditionPublisher | Duncker & Humblot ⓘ |
| hasPart |
analysis of the entrepreneur
ⓘ
discussion of business cycles ⓘ theory of credit and the banking system ⓘ theory of economic development through new combinations ⓘ theory of the circular flow ⓘ |
| influenced |
endogenous growth theory
ⓘ
theory of creative destruction in later Schumpeter works ⓘ |
| influencedField |
Schumpeterian growth theory
ⓘ
entrepreneurship research ⓘ evolutionary economics ⓘ innovation studies ⓘ |
| keyTerm |
circular flow
ⓘ
credit ⓘ development ⓘ entrepreneur ⓘ innovation ⓘ new combinations ⓘ |
| mainSubject |
business cycles
ⓘ
capitalism ⓘ economic development ⓘ entrepreneurship ⓘ innovation ⓘ |
| originalLanguage | German ⓘ |
| originalTitle |
Theorie der wirtschaftlichen Entwicklung
ⓘ
linked to:
The Theory of Economic Development
|
| proposesConcept |
circular flow
ⓘ
creative destruction ⓘ credit-financed innovation ⓘ entrepreneur as innovator ⓘ new combinations ⓘ |
| publicationYear | 1911 ⓘ |
| timePeriodDescribed | capitalist economies in the late 19th and early 20th centuries ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The Theory of Economic Development Description of subject: The Theory of Economic Development is a foundational economic work by Joseph Schumpeter that explains how innovation and entrepreneurial activity drive long-term economic growth and structural change.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: The Theory of Economic Development
linked to: The Theory of Economic Development