DavidMcClelland (image via en.wikipedia.org)

David C. McClelland – The Achieving Society

“This book grew out of an attempt by a psychologist, trained in behavioral science methods, to isolate certain psychological factors and to demonstrate rigorously by quantitative methods that these factors are generally important in economic development. The scope of such an enterprise turned out to be truly alarming for one whose background in the social sciences was slight to begin with.

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SchumpeterJoseph methological individualism (image via studentthinktank.eu)

Joseph Schumpeter – Methodological Individualism

Having disposed of the queries associated with the hypothesis of value and with the problem of human motivation, all we still need to prove is that our assumptions are based on the possession of wealth by the individual. This is bound to evoke some criticism because, in this day and age, tha validity of the individualistic concept is strongly queried.

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Thomas K. McCraw business cycles (image via news.harvard.edu)

Thomas K. McCraw | Schumpeter’s Business Cycles as Business History

“Schumpeter chose the title Business Cycles not only because the topic was then fashionable (it was the central economic puzzle of the time, and had been even before the Great Depression), but also because he wanted to emphasize the economic ebb and flow that defines capitalism. “Cycles,” he writes in his preface, “are not, like tonsils, separable things that might be treated by themselves, but are, like the beat of the heart, of the essence of the organism that displays them.”

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edward cheung social cycles

Edward Cheung | Baby Boomers, Generation X and Social Cycles

Change happens around us everyday, but understanding change has always been difficult. Why did a generation become infatuated with rock ‘n’ roll and the civil rights movement? Why did our focus change to an obsession with the stock market and in investing in ever larger homes? What is the future of pensions and healthcare when Baby Boomers retire? The answers to these and many other questions can be found in our understanding of our past.

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