Can Capitalism Survive?
Can Capitalism Survive?: Creative Destruction and the Future of the Global Economy Joseph A. Schumpeter,
Publisher: Harper Perennial Modern Classics
ISBN: 0061928011
DDC: 330
Edition: Paperback; 2009-09-01
Summary:
Considered by many economists to be the finest analysis of capitalism
ever written, Can Capitalism Survive? introduces Joseph A.
Schumpeter's theory of "creative destruction," stating that in
capitalist economies new innovations erode the position of
established firms while also providing new and previously unforeseen
avenues of economic growth. Today the effects of such advancements as
Mp3s—replacing CDs, which in turn had replaced cassettes and vinyl
records—have proven his ideas correct. Prophetically arguing that
capitalist societies are also subject to "perennial gales" of
destruction that wipe away fortunes, this great economist revealed
the vast, often chaotic economic landscape of world capitalism. First
published in Schumpeter's classic Capitalism, Socialism and
Democracy, here is an invaluable guide the global economy.
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