Capitalism, Socialism, and Democracy is superb.” - J. he tried to set long-term economic growth-entrepreneurship and enterprise-at the top of the discipline’s agenda. his economic understanding was brilliant. Capitalism, socialism, and democracy by Schumpeter, Joseph A., 1883-1950. Translated into at least sixteen languages, it still sells widely in.
“If Keynes was the most important economist of the 20th century, then Schumpeter may well be the most important of the 21st. Capitalism, Socialism, and Democracy was Schumpeters most popular success by far. Bradford DeLong, Chronicle of Higher Education
his economic understanding was brilliant. “If Keynes was the most important economist of the 20th century, then Schumpeter may well be the most important of the 21st. McCraw, Capitalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed. Now featuring a new introduction by Pulitzer Prize-winning Schumpeter biographer Thomas K. Schumpeter introduced the world to the concept of “creative destruction,” which forever altered how global economics is approached and perceived. In this definitive third and final edition (1950) of his prophetic masterwork, Joseph A. “Joseph Schumpeter’s classic Capitalism, Socialism and Democracy explains the process of capitalism’s 'creative destruction' - a key principle in understanding the logic of globalization." - Thomas L.
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