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 Mp3sreplacing CDs, which in turn had replaced cassettes and vinyl recordshave 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.
- | Author: Joseph A. Schumpeter
- | Publisher: Harper Perennial Modern Classics
- | Publication Date: Jun 27, 2023
- | Number of Pages: 208 pages
- | Language: English
- | Binding: Paperback
- | ISBN-10: 0061928011
- | ISBN-13: 9780061928017
