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Books > Social sciences > Politics & government > Political ideologies > Marxism & Communism
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Capitalism, Socialism and Democracy (Paperback, 2nd ed.)
Loot Price: R308
Discovery Miles 3 080
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Capitalism, Socialism and Democracy (Paperback, 2nd ed.)
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Loot Price R308
Discovery Miles 3 080
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2011 Reprint of 1947 Second Edition. Joseph Alois Schumpeter (1883
- 1950) was an Austrian-American economist and political scientist.
He popularized the term "creative destruction" in economics.
Schumpeter's most popular book in English is probably Capitalism,
Socialism and Democracy. This book opens with a treatment of Karl
Marx. While he is sympathetic to Marx's theory that capitalism will
collapse and will be replaced by socialism, Schumpeter concludes
that this will not come about in the way Marx predicted. To
describe it he borrowed the phrase "creative destruction," and made
it famous by using it to describe a process in which the old ways
of doing things are endogenously destroyed and replaced by new
ways.
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