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HarperCollins Publishers Inc Capitalism, Socialism, And Democracy by Joseph A Schumpeter
In this classic and prescient book Joseph A. Schumpeter introduced the world to the concept of creative destruction which forever altered how global economics is approached and perceived. Capitalism Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed.
Joseph Schumpeters classic Capitalism Socialism and Democracy explains the process of capitalisms creative destructiona key principle in understanding the logic of globalization. Thomas L. Friedman Foreign Policy
[Schumpeter] gave us stunning insights into how the world really works. We are now living it is said in the Age of Schumpeter. . . . A half century ago he published his classic Capitalism Socialism and Democracy: a book admired by economists . . . Schumpeter was a powerful prophet and he now offers dazzling insights into everything from the rise of WalMart to prosperitys discontents. He is best known for his evocative phrase creative destruction. Schumpeter saw capitalism as a system that produces material progressrising living standards more creature comfortsthrough the turmoil of new technologies and business methods. The entrepreneur a man of great vision and energy (in his day there were few women in business) was the driving force of change. Sam Walton and WalMart fit his theory perfectly. Indeed Schumpeters idea of chaotic capitalism seems everywhere confirmed.Robert J. Samuelson Newsweek