Capitalism, Socialism and Democracy

by Joseph Schumpeter


Capitalism, Socialism and Democracy is a book on economics by Joseph Schumpeter, arguably the most famous, debated and important book by Schumpeter, and one of the most famous, debated and important books on social theory, social sciences and economics, in which he deals with capitalism, socialism and creative destruction. First published in 1942, it is largely unmathematical, compared with neoclassical works, focusing on the unexpected, rapid spurts of entrepreneur-driven growth instead of static models.

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