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 read-ing for
anyone who seeks to understand where the world economy is
headed.
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