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Schumpeter's theory is that the success of capitalism will lead to a form of corporatism and a fostering of values hostile to capitalism, especially among intellectuals.
- Joseph Alois Schumpeter
- 1942
Jan 3, 2020 · Schumpeter's vision : capitalism, socialism and democracy after 40 years. Publication date. 1981. Topics. Schumpeter, Joseph A., 1883-1950. Capitalism, socialism, and democracy, Capitalism -- History. Publisher. Eastbourne, East Sussex, UK ; New York : Praeger. Collection.
May 7, 2007 · If capitalism was the most influential single economic and social force of the 20th century (and continuing today), there is no better guide to understanding its power and complexity than famed economist Joseph Schumpeter, says Harvard Business School's Thomas K. McCraw.
CAN CAPITALISM SURVIVE? SCHUMPETER's ANSWER AND ITS RELEVANCE FOR NEW INSTITUTIONAL ECONOMICS We are all familiar with the question that Schumpeter asks in Capitalism, Socialism and Democracy. 'Can Capitalism Survive?', as well as with his answer: 'No. I do not think it can' (Schumpeter 1975a: 61).
Jul 28, 2009 · Schumpeter's Vision: Capitalism, Socialism and Democracy after 40 Years (New York, Praeger).Google Scholar
- Richard Swedberg
- 1992
Schumpeter was a firm believer in the power of private innovation and entre-preneurship and the benefits capitalism produced; ones that he believed were superior to the outcomes under socialism.
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Despite this disparity in age, and with no empirical indication of the newcomer’s practical viability, Schumpeter boldly proclaimed socialism the new order, while judging capitalism as doomed to extinction. The power of Schumpeter’s argument was immediately apparent to his con-temporaries.
