Capitalism, Socialism, and Democracy: Third Edition

"Joseph Schumpeter's classic Capitalism, Socialism and Democracy explains the process of capitalism's 'creative destruction' -- a key principle in understanding the logic of globalization. -- Thomas L. Friedman, Foreign Policy

In this definitive third and final edition (1950) of his prophetic 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 Pulitzer Prize-winning Schumpeter biographer Thomas K. McCraw, Capitalism, Socialism and Democracy is essential read-ing for anyone who seeks to understand where the world economy is headed.

"If Keynes was the most important economist of the 20th century, then Schumpeter may well be the most important of the 21st. . . . . his economic understanding was brilliant . . . he tried to set long-term economic growth--entrepreneurship and enterprise--at the top of the discipline's agenda. . . . Capitalism, Socialism, and Democracy is superb." -- J. Bradford DeLong, Chronicle of Higher Education

Author: Joseph A. Schumpeter
Publisher: Harper Perennial
Published: 11/04/2008
Pages: 464
Binding Type: Paperback
Weight: 0.80lbs
Size: 8.00h x 5.30w x 1.30d
ISBN: 9780061561610

About the Author
Schumpeter, Joseph A.: -

Joseph A. Schumpeter (1883-1950) served as Austria's first finance minister, made and lost a fortune as an investment banker, and taught economics for many years at Harvard. Capitalism, Socialism and Democracy is his best-known work.