SCHUMPETER, Joseph A.

£850 · Offered by Peter Harrington · No longer available

Kapitalismus, Sozialismus und Demokratie. First German language edition, originally published in English in the US in 1942; scarce in the jacket.Capitalism, Socialism and Democracy was Schumpeter's most important and controversial book, a philosophical analysis of economics and history in which he coined the term "creative destruction". Blaug, who calls this his masterpiece, notes that in this work Schumpeter "paradoxically rejected the Marxian diagnosis of the imminent breakdown of capitalism and, at the same time, predicted the almost inevitable arrival of socialism as a result of the betrayal of capitalist values by the intellectuals of the western world" (Great Economists Before Keynes, p. 216).

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