Synopses & Reviews
Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of ‘creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism. Schumpeter's work also contains one of the most important conservative critiques of mass democracy. Schumpeter argued that mass democracy had totalitarian tendencies and was likely to degenerate into the tyranny of the popular.
Synopsis
This book disscusses Schumpeters work, which contains one of the most important conservative critiques of mass democracy.
Synopsis
Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of 'creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism. Schumpeter's work also contains one of the most important conservative critiques of mass democracy. Schumpeter argued that mass democracy had totalitarian tendencies and was likely to degenerate into the tyranny of the popular.
Synopsis
Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of 'creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism. Schumpeter's work also contains one of the most important conservative critiques of mass democracy. Schumpeter argued that mass democracy had totalitarian tendencies and was likely to degenerate into the tyranny of the popular.
Synopsis
Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of ‘creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism. Schumpeter's work also contains one of the most important conservative critiques of mass democracy. Schumpeter argued that mass democracy had totalitarian tendencies and was likely to degenerate into the tyranny of the popular.
About the Author
John Medearis is Assistant Professor of Political Science at the University of California, Riverside. He is the author of Schumpeter's Two Theories of Democracy (Harvard University Press, 2000).
Table of Contents
Series IntroductionSeries Editor's Preface Author's PrefaceChapter 1. LifeThe Shaping of a Young Austro-Hungarian Conservative, 1883-1913War, Fragmentation and "Tory Democracy," 1914-1918Conservatism after the Old Regime: Ventures Political, Commercial and Scholarly, 1919-1932Conservatism after the Old Regime: New Continent, New Contentions, 1932-1950Chapter 2. Critical ExpositionEquilibrium EconomicsInnovation and Creative DestructionThe Capitalist Order: The Tax State, Imperialism and Social Classes The Tax state Imperialism ClassesSchumpeter as a Conservative ThinkerThe Capitalist Order's "Crumbling Walls"DemocracyChapter 3. InfluenceSchumpeter, Hayek and Polanyi on the Prospects of Capitalism and SocialismHow Historical Lags Shaped Schumpeter's InfluenceElite DemocracyInnovative CapitalismTax StatesAtavistic EmpiresFunctional ClassesEconomic SociologyChapter 4. RelevanceDemocratic Theory AppropriationsConservative AppropriationsBibliographyIndex