Capitalism, Socialism, and Democracy: Third Edition

Front Cover
Harper Collins, Nov 4, 2008 - Business & Economics - 464 pages
21 Reviews

In this definitive third and final edition (1950) of his masterwork, Joseph A. Schumpeter introduced the world to the concept of “creative destruction,” which forever altered how global economics is approached and perceived. Now featuring a new introduction by Schumpeter biographer Thomas K. McCraw, Capitalism, Socialism and Democracy is essential read­ing for anyone who seeks to understand where the world economy is headed.

  

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Review: Capitalism, Socialism, and Democracy: Third Edition

User Review  - Ethan Jacobs - Goodreads

- His writing style is a little tough to engage with at times, but his astute and eye-opening analysis of the progression of capitalism certainly made this book worth reading. The ouline of socialism ... Read full review

Review: Capitalism, Socialism and Democracy

User Review  - Vitaly Repin - Goodreads

Great book. I think that this is "must read" book for everybody who is interested in the perspectives of capitalism and socialism and their connections with democracy. The book was published in the middle of XX century but it is still very valid for our time. Read full review

Contents

Marx the Prophet
5
Marx the sociologist
9
Marx the Economist
21
Marx the Teacher
45
CAN CAPITALISM SURVIVE?
59
Prologue IHNIOQEP The Rate of Increase of Total Output oooowoi
63
Plausible Capitalism
72
The Process of Creative Destruction
81
CAN SOCIALISM WORK?
165
Clearing Decks
167
The Socialist Blueprint
172
Comparison of Blueprints
187
A Discussion of Comparative Efliciency
188
The Case for the Superiority of the Socialist Blueprint
193
Transition
219
The Setting of the Problem
235

Monopolistic Practices
87
Closed Season
107
The Vanishing of Investment Opportunity m
111
The Civilization of Capitalism
121
Crumbling Walls
131
The Obsolescence of the Entrepreneurial Function
134
Growing Hostility
143
The Social Atmosphere of Capitalism I43 II The Sociology of the Intellectual
145
Decomposition
156
Prologue 35
305
The Situation that Marx Faced 3 i 2
312
From the First to the Second World War
352
The Consequences of the Second World War
376
Preface to the Third English Edition 1949 4 09
409
The March into Socialism
415
Index
427
Copyright

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About the author (2008)

Joseph A. Schumpeter (1883-1950) served as Austria's first finance minister, made and lost a fortune as an investment banker, and taught economics for many years at Harvard. Capitalism, Socialism and Democracy is his best-known work.

Bibliographic information