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Capitalism, Socialism and Democracy book cover

1st Edition

Capitalism, Socialism and Democracy

By Joseph A. Schumpeter Copyright 1976
    460 Pages
    by Routledge

    460 Pages
    by Routledge

    Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weekly predicted that `for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' Fifty years on, this prediction seems a little understated.

    Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

    Introduction; Part 1 The Marxian Doctrine; prologue1 Prologue; Chapter 1 Marx the Prophet; Chapter 2 Marx the Sociologist; Chapter 3 Marx the Economist; Chapter 4 Marx the Teacher; Part 2 Can Capitalism Survive?; Prologue2 Prologue; Chapter 5 The Rate of Increase of Total Output; Chapter 6 plausible Capitalism; Chapter 7 The Process of Creative Destruction; Chapter 8 Monopolistic Practices; Chapter 9 Closed Season; Chapter 10 The Vanishing of Investment Opportunity; Chapter 11 The Civilization of Capitalism; Chapter 12 Crumbling Walls; Chapter 13 Growing Hostility; Chapter 14 Decomposition; Part 3 Can Socialism Work?; Chapter 15 Clearing Decks; Chapter 16 The Socialist Blueprint; Chapter 17 Comparison of Blueprints; Chapter 18 The Human Element; Chapter 19 Transition; Part 4 Socialism and Democracy; Chapter 20 The Setting of the Problem; Chapter 21 The Classical Doctrine of Democracy; Chapter 22 Another Theory of Democracy; Chapter 23 The Inference; Part 5 A Historical Sketch of Socialist Parties; Prologue 3 Prologue; Chapter 24 The Nonage; Chapter 25 The Situation That Marx Faced; Chapter 26 From 1875 to 1914; Chapter 27 From the First to the Second World War; Chapter 28 The Consequences of the Second World War; Part VI Prefaces and Comments on Later Developments; Preface 1 Preface to the First Edition, 1942; preface 2 Preface to the Second Edition, 1946; preface 3 Preface to the Third Edition, 1949; preface 4 ) before leaving for Chicago to deliver the Walgreen Foundation Lectures. This paper is a first draft but carefully written in his own hand as were all his writings; there was no opportunity for him to make minor corrections or to write the concluding paragraphs. The corrections which consist largely in supplying punctuation or an occasional missing word have been kept to a minimum. The brief concluding paragraphs have been supplied by his wife from notes and memory.

    Biography

    Joseph A. Schumpeter, Introduction by Richard Swedberg, Stockholm University.

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