Capitalism, socialism and democracy
- New Delhi Aakar Books Classics 2022
- xxi, 437 p.
Overview CAPITALISM, SOCIALISM AND DEMOCRACY is a book on economics and on other sciences such as sociology and history by Joseph Schumpeter, arguably the most or one of the most famous, debated and important books by Schumpeter, and one of the most famous, debated and important books on social theory, social sciences and economics, in which he deals with capitalism, socialism and creative destruction.
It is largely unmathematical compared with neoclassical works, focussing on unexpected, rapid spurts of entrepreneur-driven growth instead of static models.
Joesph A. Schumpeter served as Austria's first finance minister, made and lost a fortune as an investment banker, and taught economics for many years at Harvard.