Capitalism, Socialism and DemocracyCapitalism, 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. |
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accept actually analysis argument attitude behavior Bolshevik bourgeois bourgeoisie bureaucracy capitalism capitalist evolution capitalist order capitalist process capitalist society Communist Communist Manifesto course creative destruction criticism Das Kapital definite democracy democratic method doubt economic economists effective element English existing exploitation fact factors function fundamental groups hand hence historical important income increase individual industrial instance intellectuals interests investment labor leadership less logic Marx Marx’s Marxian Marxist matter means ministry of production modern monopoly Moreover nature nomic observed obvious ofthe one’s organization output parliament particular perfect competition political position possible practice principle problem production profits proletariat proposition question reader realize reason result revolution rule Russian sense simply situation social Social Democratic party socialist parties socialist society standpoint stratum structure success sufficient surplus value theory things tion trade unions true wage