This volume 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? The book presents
the debate through classic statements of each position from two leading
economists of the century, Joseph A. Schumpeter and Yasuma Takata. A
substantive introduction from Michio Morishima assesses and places in
context the work of both Schumpeter and Takata.