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Capitalism, Socialism and Democracy (Paperback, Revised)
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Capitalism, Socialism and Democracy (Paperback, Revised)
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Capitalism, Socialism and Democracy remains one of the greatest
works of social theory written this century. When it first appeared
the New English Weekly predicted 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.
Why has the work endured so well? Schumpeter's contention that the
seeds of capitalism's decline were internal, and his equal and
opposite hostility to centralist socialism have perplexed, engaged
and infuriated readers since the book's publication. By refusing to
become an advocate for either position Schumpeter was able both to
make his own great and original contribution and to clear the way
for a more balanced consideration of the most important social
movements of his and our time.
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