Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weeklypredicted that `for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated.
Topics: Politics, Capitalism, Democracy, Communism, Government, Economy, Informative, Essays, and 1940s
Published: Start Publishing LLC an imprint of NBN Books on Oct 1, 1989
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A book worth highly worth reading not just for its popularization of the concept of "creative destruction" but because of the insight it provides into the state of attitudes towards capitalism at the time of writing; its surprisingly quite fair treatment of Marx, and its concomitant criticisms of certain doctrines of free market capitalism; its interesting views on monopoly and the value of big business; and lastly, for its views on democracy and its compatibility with socialism (however much one may disagree with his very pared-down picture of democracy).more
An important work, even now. Schumpeter describes all of the strengths of Capitalism, but also subjects it to careful criticism. That which makes Capitalism so effective - creative destruction - could also be the source of its own demise.more
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