Capitalism, Socialism, and Democracy by Joseph A. Schumpeter
The book provides an in-depth analysis of the interplay between capitalism, socialism, and democracy, arguing that capitalism is a catalyst for creative destruction and innovation, but also paves the way for socialism due to its inherent instability and tendency to create wealth inequality. It further suggests that democracy, while imperfect, is the best system to manage these economic systems. The author presents a unique perspective on the inevitable rise of socialism, not through revolution as Marx predicted, but through the legal and systematic erosion of capitalism by democratic means.
The 1174th greatest book of all time
- Published
- 1942
- Nationality
- Austrian
- Type
- Nonfiction
- Pages
- 400-500
- Words
- Unknown
- Original Language
- English
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This book is on the following lists:
- 13th on The 100 Best Non-Fiction Books of the Century (National Review)
- The 50 Best Books of the Century (Intercollegiate Studies Institute)
- The Hundred Most Influential Books Since The War (WW2) (Central and East European Publishing Project)