Capitalism, Socialism and Democracy
About This Book
Capitalism, Socialism and Democracy (1942) is a seminal work of economics. Its ideas have proven prophetic, and remain relevant to this day. It claims that capitalism will ultimately be eroded by the very processes that define it. It also explains the differences between capitalism and socialism and their relationship to democracy, and helps readers understand the role of entrepreneurship and creative destruction in modern capitalism.
Who Should Read This?
- Students of the social sciences
- Those interested in politics, economy, and their histories
- Critical thinkers curious about the future of capitalism
About the Author
Joseph Schumpeter was one of the most influential political economists of the twentieth century. After briefly serving as the Finance Minister of German-Austria, he emigrated to the US in 1932 and became an economics professor at Harvard. Capitalism, Socialism and Democracy is regarded as his most important and most profound work. It’s the third-most-cited book in the social sciences.
