Synopses & Reviews
Considered by many economists to be the finest analysis of capitalism ever written, Can Capitalism Survive? introduces Joseph A. Schumpeter's theory of "creative destruction," stating that in capitalist economies new innovations erode the position of established firms while also providing new and previously unforeseen avenues of economic growth. Today the effects of such advancements as Mp3s—replacing CDs, which in turn had replaced cassettes and vinyl records—have proven his ideas correct. Prophetically arguing that capitalist societies are also subject to "perennial gales" of destruction that wipe away fortunes, this great economist revealed the vast, often chaotic economic landscape of world capitalism. First published in Schumpeter's classic Capitalism, Socialism and Democracy, here is an invaluable guide the global economy.
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“The great economist Joseph Schumpeter highlighted the role of innovation in powering the rise of new industries, the creative destruction of existing ones, and the growth in prosperity of economies.” Richard Florida, < i=""> Atlantic <>
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“The greatest defense of capitalist, European civilization ever penned. . . . Schumpeter did more than anyone to persuade American leaders to preserve the capitalist system” American Conservative
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“The 20th centurys foremost economist.” Steve Forbes, < i=""> Forbes <>
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“The most influential economist of the 20th century.” Peter Drucker, Fortune
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“Schumpeter gave us stunning insights into how the world really works. We are now living, it is said, in the Age of Schumpeter. . . . Schumpeter was a powerful prophet, and he now offers dazzling insights into everything from the rise of Wal-Mart to prosperitys discontents.” Robert J. Samuelson, Newsweek
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“Schumpeter was the most farsighted of twentieth-century economists. His focus on capitalism and creative destruction made him the prophet of globalization.” The Nation
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“Schumpeter may well be the most important economist of the 21st century.” J. Bradford DeLong, Chronicle of Higher Education
Synopsis
Considered by many economists to be the finest analysis of capitalism ever written, here is preeminent economist Joseph Schumpeter's celebrated answer to question everyone is now asking: CAN CAPITALISM?
Synopsis
In this new addition to the Harper Perennial Modern Thought series, preeminent economist Joseph Schumpeter, author of
Capitalism, Socialism, and Democracy, offers his celebrated answer to question everyone is now asking:
Can Capitalism Survive? His answer: "No. I do not think it can." Learn his fascinating reason why in this fascinating book of philosophy containing the core of his thought and considered by many economists to be the finest analysis of capitalism ever written.
Synopsis
In this classic and prescient book, Joseph A. Schumpeter introduced the world to the concept of "creative destruction," which forever altered how global economics is approached and perceived. Capitalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed.
"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
" Schumpeter] gave us stunning insights into how the world really works. We are now living, it is said, in the Age of Schumpeter. . . . A half century ago, he published his classic Capitalism, Socialism and Democracy: a book admired by economists . . . Schumpeter was a powerful prophet, and he now offers dazzling insights into everything from the rise of Wal-Mart to prosperity's discontents. He is best known for his evocative phrase "creative destruction." Schumpeter saw capitalism as a system that produces material progress--rising living standards, more creature comforts--through the turmoil of new technologies and business methods. The "entrepreneur," a man of great vision and energy (in his day, there were few women in business), was the driving force of change. Sam Walton and Wal-Mart fit his theory perfectly. Indeed, Schumpeter's idea of chaotic capitalism seems everywhere confirmed."--Robert J. Samuelson, Newsweek
--Peter Drucker, Fortune
Synopsis
"Schumpeter was the most farsighted of twentieth-century economists. His focus on capitalism and creative destruction made him the prophet of globalization." -- The Nation
In this new addition to the Harper Perennial Modern Thought series, preeminent economist Joseph Schumpeter, author of Capitalism, Socialism, and Democracy, offers his celebrated answer to question everyone is now asking: Can Capitalism Survive? His answer: "No. I do not think it can." Learn his fascinating reason why in this fascinating book of philosophy containing the core of his thought and considered by many economists to be the finest analysis of capitalism ever written.
Synopsis
Can Capitalism Survive? is excerpted from Joseph A. Schumpeter's Capitalism, Socialism and Democracy, also available from Harper Perennial Modern Thought.
Synopsis
In this new addition to the Harper Perennial Modern Thought series, preeminent economist Joseph Schumpeter, author of Capitalism, Socialism, and Democracy, offers his celebrated answer to question everyone is now asking: Can Capitalism Survive? His answer: “No. I do not think it can.” Learn his fascinating reason why in this fascinating book of philosophy containing the core of his thought and considered by many economists to be the finest analysis of capitalism ever written.
About the Author
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.