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- Schumpeter’s view of “monopoly capitalism” is complex. Rather than merely attack or criticize monopolists, Schumpeter saw them as valuable and necessary if momentary players. Their rise, he argued, typically reflects the application of novel technologies that allow them briefly to gain expanded market share and enlarged profit margins.
contemporarythinkers.org/schumpeter/introduction/
lution and functioning of capitalism that clashes rather violently with typical anti-trust ideol-ogy; by adherence to a distinctly aristocratic view of the distribution of talent in the econ-omy and in society; and, finally, by a rather low opinion of the likelihood of developing, in a democracy, a public policy toward the large
- SCHUMPETER AND THE PROBLEMS OF IMPERIALISM - JSTOR
the era of monopoly capitalism. The independence and...
- SCHUMPETER AND THE PROBLEMS OF IMPERIALISM - JSTOR
Jun 5, 2024 · Schumpeter did not view monopoly capitalism or business cycles as contradictions of the system but as necessary phases for its continued growth. Like Marx, Schumpeter believed that competitive capitalism would first evolve into monopoly capitalism and would ultimately be replaced by socialism.
- ramesh56chandra@yahoo.com
May 1, 2011 · In February 2011, while I was drafting what was to become “Monopoly and Competition in Twenty-First Century Capitalism,” written with Robert W. McChesney and R. Jamil Jonna (Monthly Review, April 2011), I decided to take a look at Paul Sweezy’s copy of the original 1942 edition of Joseph Schumpeter’s Capitalism, Socialism, and Democracy ...
the shortcomings of capitalism (chaps. vi-viii). In Schumpeter's view, monopoly and oligopoly are not the villains of the play; in fact, they are responsible for much of the glory of capitalism. This is partly because large-scale organization economizes brains but, more important, because monopoly power is a stabilizing element protecting the
Sep 18, 2024 · The objective of this paper is to analyze the contrasting views of Schumpeter and Young on endogenous process of growth and the future of capitalism itself, particularly pertaining to the emergence of monopoly capitalism.
the era of monopoly capitalism. The independence and original-ity of his mind are evident in the fact that he renounces the Marxist theory of the inevitable economic collapse of capitalism and replaces it by a vision of a "general cartel" - in more recent terminology, a capitalist planned economy - which would establish
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The question, as Schumpeter saw it, was not "how capitalism administers existing structures,... [but] how it creates and destroys them." This creative destruction, he believed, caused continuous progress and improved standards of living for everyone.
