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. |
Contents
Marx the Sociologist 8 | |
3 | |
Marx the Teacher 38 | |
5 The Rateof Increase ofTotal Output 55 | |
7 | |
Monopolistic Practices 76 | |
The Common Goodand the Will of thePeople 225 | |
22 | |
23 | |
PART | |
Prologue 273 | |
I | |
III | |
From the Firstto theSecondWorldWar 315 | |
Closed Season 93 10 The Vanishing of InvestmentOpportunity 97 | |
The Obsolescence ofthe Entrepreneurial Function 116 | |
Clearing Decks 149 | |
The Socialist Blueprint 154 | |
A Preliminary Point167 | |
The Caseforthe Superiorityofthe Socialist | |
A Warning 178 | |
The Setting of the Problem 211 I The Dictatorshipofthe Proletariat 211 | |
The Consequences ofthe SecondWorldWar 336 | |
Conclusion351 III Russian Imperialism and Communism 352 | |
Prefaces and CommentsonLater Developments 359 | |
Preface tothe Second Edition1946365 Preface to the Third Edition 1949369 | |
NOTES | |
INDEX 437 | |
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Common terms and phrases
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