Capitalism, Socialism, And Democracy by Joseph A Schumpeter

Capitalism, Socialism, And Democracy by Joseph A Schumpeter

"Can capitalism survive No. I do not think it can," Joseph Schumpeter writes at the beginning of Part II of Capitalism, Socialism, and Democracy. Cited daily in the national media as key to understanding the recent economic events, Schumpeter's analysis is considered by many to be the finest dissection of capitalism ever written. Now, Harper Perennial publishes this famous section of Capitalism, Socialism, and Democracy as a stand alone book for the first time.

In these pages Schumpeter introduced to the world the concept of "Creative Destruction." This famous theory states that in capitalist economies new innovations, when first introduced, erode the position of established firms, while providing new and previously unforeseen avenues of economic growth. For example, think of the music industry in our lifetime: Mp3s (by extension, iPods) have replaced CDs, which in turn replaced cassettes and records in the 1980s. Schumpeter also controversially argued that capitalist societies hold the seeds of their own destruction in their very foundations. Representing the core of Schumpeter's innovative thought, Can Capitalism Survive is a key text from "the most influential economist of the 20th century." (Peter Drucker, Fortune)

JOSEPH A. SCHUMPETER (1883 - 1950) was sometime Professor of Economics at the Universities of Graz, Bonn and Harvard. His major works which made him one of the all-time great economic theorists and historians of economic thought included Business Cycles; Capitalism, Socialism and Democracy and The History of Economic Analysis.

YASUMA TAKATA (1883-1971) was sometime Professor of Economics at Kyoto and Osaka Universities. In 1965 he received the Bunka Koro-sho (Prize for Contribution to Culture) and in 1971 the Kun-itto (the first class honour) both from the Japanese Government. His major works, all published in Japanese, included Principles of Political Economy (5 volumes), On the Rate of Interest and Essays in Power Theory of Economics.

The editor, MICHIO MORISHIMA is Professor Emeritus of Economics at the London School of Economics and Political Science.

SKU	Unavailable
ISBN 13	9780061561610
ISBN 10	0061561614
Title	Capitalism, Socialism, And Democracy
Author	Joseph A Schumpeter
Series	Harper Perennial Modern Thought Ser
Condition	Unavailable
Binding Type	Paperback
Publisher	HarperCollins Publishers Inc
Year published	2008-11-04
Number of pages	464
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.