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    Capitalism, Socialism, and Democracy: Second Edition Text
    Capitalism, Socialism, and Democracy: Second Edition Text
    Capitalism, Socialism, and Democracy: Second Edition Text
    Ebook730 pages15 hours

    Capitalism, Socialism, and Democracy: Second Edition Text

    By Joseph A. Schumpeter

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    Schumpeter's Capitalism, Socialism, and Democracy is perhaps the most important and influential book on the subject ever written This volume is the result of an effort to weld into a readable form the bulk of almost forty years' thought, observation and research on the subject of socialism. The problem of democracy forced its way into the place it now occupies in this volume because it proved impossible to state my views on the relation between the socialist order of society and the democratic method of government without a rather extensive analysis of the latter. Moreover, this material also reflected the analytic efforts of an individual who, while always honestly trying to probe below the surface, never made the problems of socialism the principal subject of his professional research for any length of time and therefore has much more to say on some topics than on others. In order to avoid creating the impression that I aimed at writing a well-balanced treatise I have thought it best to group my material around five central themes. Links and bridges between them have been provided of course and something like systematic unity of presentation has, I hope, been achieved. But in essence they are-though not independent-almost self-contained pieces of analysis.
    LanguageEnglish
    PublisherWilder Publications, Inc.
    Release dateJun 10, 2015
    ISBN9781617208683
    Capitalism, Socialism, and Democracy: Second Edition Text

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    • 5/5
      One of the most famous, debated and important books on social theory, social sciences and economics. The success of capitalism will lead to a form of corporatism in which the intellectual and social climate needed to allow entrepreneurship to thrive will not exist, leading to capitalism being replaced by socialism. There will not be a revolution, simply a collapse from within
    • 5/5
      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).
    • 4/5
      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.

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    Capitalism, Socialism, and Democracy - Joseph A. Schumpeter

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