Capitalism, Socialism and Democracy

By:

Joseph A. Schumpeter

Publication details: New York; Martino Fine Books ; 2011Edition: 2nd edDescription: xiii, 407pISBN:

9781891396519

Subject(s):

DDC classification:

335.5 SCH

Summary: 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.

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Holdings
Item type	Current library	Home library	Call number	Status	Date due	Barcode
Text Book	Chanakya University Knowledge Centre	Chanakya University Knowledge Centre	335.5 SCH (Browse shelf(Opens below))	Available		CU10007

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.

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