Kapitalismus, Sozialismus und Demokratie
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 predi...more
Schumpeter might be loosely grouped with the other Austrian School of economists, but I see traces of him in some neo-Marxist thought, including Wallerstein and Sweezy, as well as many of the neo-Keynesians—
Schumpeter is arguably most famous for his phrase and ide ...more
In the end it will be seen that the greatest enemy of capitalism was always democracy, i.e. the will of the people. Once the people turn anti-capitalistic, under the influence of a disaffected intelligencia, there is absolutely nothing that can stand against them. Schumpeter at one and the same time believes that Capitalism is the most adequate description of economic reality and that it is doomed. How is this possible? - But it is exactly as the Savior of the Christians said so long ago ...more
The question-- which all propheti ...more
His accurate prediction of a Fabian socialist future for capitalist countries was dead-on, and the multifaceted explanations foreseen as factors bringing this tr ...more
Galiausiai turiu pripažinti, kad žiauriai trūko ekonominių žinių skaitant šį traktatą, ypač pirmoje dalyje. Skaitydavau po keletą kartų, kol pagaliau pavykdavo suprasti, ką autorius nori pasakyti, Žadėjau jau kaltinti vertėją, kad baisiai sudėtingai ir nesuprantamai išvertė, bet visgi reikia pripažinti, ...more
"The...process of industrial mutation...incessantly revolutionizes the economic structure FROM WITHIN, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism...The problem that is usually...visualized is how capitalism administers existing structures, whereas the relevant problem is how it creates and destroys them."
-Joseph Schumpeter, Capitalism, Socialism, and Democracy
"There are ultima ...more
I think that this is "must read" book for everybody who is interested in the perspectives of capitalism and socialism and their connections with democracy. The book was published in the middle of XX century but it is still very valid for our time.
Uh, yeah. This guy sounds awesome and I'm sure he would have been fascinating to listen to, but I cannot summon the intellectual wherewithal to concentrate on the rights and wrongs of Marx.