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A seminal work in social theory and economics, Schumpeter argues that the very strengths of capitalism—innovation and “creative destruction”—contain the seeds of its own decline. He analyzes the dynamics of capitalism, explores whether socialism could be a viable alternative, and discusses how democracy interacts with both systems. This edition includes a new introduction by sociologist Richard Swedberg, providing historical context and reflections on Schumpeter’s enduring relevance.

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245: $a: Capitalism, Socialism and Democracy
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082: $a:
100: $a: Joseph A. Schumpeter
650: $a: Economics
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250: $b: Routledge
250: $c: 2006
020: $a: 978-0-415-10762-4
300: $a: 460