Capitalism, Socialism, and Democracy: Third EditionIn this definitive third and final edition (1950) of his masterwork, Joseph A. Schumpeter introduced the world to the concept of “creative destruction,” which forever altered how global economics is approached and perceived. Now featuring a new introduction by Schumpeter biographer Thomas K. McCraw, Capitalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed. |
Contents
| 5 | |
| 9 | |
| 21 | |
| 45 | |
CAN CAPITALISM SURVIVE? | 59 |
Prologue IHNIOQEP The Rate of Increase of Total Output oooowoi | 63 |
Plausible Capitalism | 72 |
The Process of Creative Destruction | 81 |
CAN SOCIALISM WORK? | 165 |
Clearing Decks | 167 |
The Socialist Blueprint | 172 |
Comparison of Blueprints | 187 |
A Discussion of Comparative Efliciency | 188 |
The Case for the Superiority of the Socialist Blueprint | 193 |
Transition | 219 |
The Setting of the Problem | 235 |
Monopolistic Practices | 87 |
Closed Season | 107 |
The Vanishing of Investment Opportunity m | 111 |
The Civilization of Capitalism | 121 |
Crumbling Walls | 131 |
The Obsolescence of the Entrepreneurial Function | 134 |
Growing Hostility | 143 |
The Social Atmosphere of Capitalism I43 II The Sociology of the Intellectual | 145 |
Decomposition | 156 |
Prologue 35 | 305 |
The Situation that Marx Faced 3 i 2 | 312 |
From the First to the Second World War | 352 |
The Consequences of the Second World War | 376 |
Preface to the Third English Edition 1949 4 09 | 409 |
The March into Socialism | 415 |
Index | 427 |
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Common terms and phrases
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