Can Capitalism Survive?: Creative Destruction and the Future of the Global Economy

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9780061928017: Can Capitalism Survive?: Creative Destruction and the Future of the Global Economy

2011 Reprint of 1947 Second Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Originally Published as Part II of Capitalism, Socialism and Democracy [1947]. " Can capitalism survive? No. I do not think it can." Thus opens Schumpeter's prologue to a section of his 1947 book, Capitalism, Socialism and Democracy. One might think, on the basis of the quote, that Schumpeter was a Marxist. But the analysis that led Schumpeter to his conclusion differed totally from Karl Marx's. Marx believed that capitalism would be destroyed by its enemies (the proletariat), whom capitalism had purportedly exploited, and he relished the prospect. Schumpeter believed that capitalism would be destroyed by its successes, that it would spawn a large intellectual class that made its living by attacking the very bourgeois system of private property and freedom so necessary for the intellectual class's existence. And unlike Marx, Schumpeter did not relish the destruction of capitalism. "If a doctor predicts that his patient will die presently," he wrote, "this does not mean that he desires it."

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Book Description HarperCollins Publishers Inc, United States, 2011. Paperback. Book Condition: New. 178 x 112 mm. Language: English . Brand New Book. 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. Bookseller Inventory # ABZ9780061928017

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Book Description HarperCollins Publishers Inc, United States, 2011. Paperback. Book Condition: New. 178 x 112 mm. Language: English . Brand New Book. 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. Bookseller Inventory # ABZ9780061928017

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