By means of a study of current credit theories and Joseph Schumpeter's original writings, this essay is inquiring into the roots of pure credit theories in regard to model-theoretical and methodological properties. Three recent methodological approaches are analyzed: firstly, endogenous growth theory concentrates on Schumpeter's "creative destruction" process by which entrepreneurs introduce innovation into the economy. Secondly, stock-flow consistent modeling ensures that all purchasing power created through credit is rigorously accounted for until its destruction via debt repayment....

This open access book is a compact guide to the development of sustainable business, which has become the central concept in discussions about the future development of humanity and planet earth. It provides basic terminology and concepts on sustainable business and offers insights into a new management paradigm that integrates social and environmental dimensions into business models, strategies, and operations. New business concepts such as the donut economy, the circular economy, social innovation and sustainable leadership are introduced and the book outlines how they influence the way we...