Capitalism, Socialism and Democracy Second Edition
Capitalism, Socialism and Democracy Second Edition 2011 Reprint of 1947 Second Edition. He popularized the term "creative destruction" in economics. Joseph Alois Schumpeter (1883 - 1950) was an…
Specifikacia Capitalism, Socialism and Democracy Second Edition
Capitalism, Socialism and Democracy Second Edition
2011 Reprint of 1947 Second Edition. He popularized the term "creative destruction" in economics. Joseph Alois Schumpeter (1883 - 1950) was an Austrian-American economist and political scientist.
This book opens with a treatment of Karl Marx. Schumpeter's most popular book in English is probably Capitalism, Socialism and Democracy. While he is sympathetic to Marx's theory that capitalism will collapse and will be replaced by socialism, Schumpeter concludes that this will not come about in the way Marx predicted.
To describe it he borrowed the phrase "creative destruction," and made it famous by using it to describe a process in which the old ways of doing things are endogenously destroyed and replaced by new ways.