Capitalism, Socialism and Democracy: 1st Edition (Paperback) book cover

Capitalism, Socialism and Democracy

1st Edition

By Joseph A. Schumpeter


442 pages

Purchasing Options:$ = USD
Paperback: 9780415567893
pub: 2010-03-12
Hardback: 9781138129245
pub: 2015-08-27
eBook (VitalSource) : 9780203857090
pub: 2010-04-05
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Capitalism, Socialism and Democracy remains one of the greatest works of social theory written in the twentieth Century. 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 first publication in 1943. 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.

This Routledge Classics edition includes a new Introduction by one of the world’s leading economists, Joseph Stiglitz.


'… a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted.' New English Weekly

About the Author

Joseph A. Schumpeter (1883-1950). Originally born in Moravia in the present-day Czech Republic, Schumpeter was a renowned Economist, Business Theorist and Political Scientist. He has numbered among his pupils Robert Solow, the Nobel Laureate, and former chairman of the Federal Reserve Alan Greenspan.

About the Series

Routledge Classics

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General