Capitalism, Socialism and Democracy remains one of the greatest
works of social theory written in the twentieth Century.
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 first publication in 1943. 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. This Routledge Classics edition includes a new Introduction
by one of the world's leading economists, Joseph Stiglitz.
General
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