Capitalism, Socialism and Democracy

Joseph A. Schumpeter

Capitalism, Socialism and Democracy - 2nd ed. - New York Martino Fine Books 2011 - xiii, 407p.

2011 Reprint of 1947 Second Edition. Joseph Alois Schumpeter (1883 - 1950) was an Austrian-American economist and political scientist. He popularized the term "creative destruction" in economics. Schumpeter's most popular book in English is probably Capitalism, Socialism and Democracy. This book opens with a treatment of Karl Marx. While he is sympathetic to Marx's theory that capitalism will collapse and will be replaced by socialism, Schumpeter concludes that this will not come about in the way Marx predicted. To describe it he borrowed the phrase "creative destruction", and made it famous by using it to describe a process in which the old ways of doing things are endogenously destroyed and replaced by new ways.


English

9781891396519 1636.47


Capitalism
Democracy
Socialism
Socialism and related systems

335.5 SCH

Copyright © 2024 Chanakya University - All Rights Reserved.
Visit counter For Websites

Powered by Koha