logo

38 pages 1 hour read

Joseph Alois Schumpeter

Capitalism, Socialism and Democracy

Joseph Alois SchumpeterNonfiction | Book | Adult | Published in 1942

A modern alternative to SparkNotes and CliffsNotes, SuperSummary offers high-quality Study Guides with detailed chapter summaries and analysis of major themes, characters, and more.

Book Brief

logo
Joseph Alois Schumpeter

Capitalism, Socialism and Democracy

Nonfiction | Book | Adult | Published in 1942
Book Details
Pages

460

Format

Book • Nonfiction

Setting

1940s

Publication Year

1942

Audience

Adult

Recommended Reading Age

18+ years

Roundup icon

Super Short Summary

In Capitalism, Socialism and Democracy, Joseph Alois Schumpeter contends that capitalism will eventually be replaced by socialism not through economic crises or worker immiseration as Marx predicted, but due to the bureaucratization of industry and the automating of innovation, allowing socialism to emerge as a more efficient and democratic system under matured capitalism.

Informative

Contemplative

Challenging

Reviews & Readership

Roundup icon

Review Roundup

Schumpeter’s Capitalism, Socialism and Democracy stimulates debate on economic systems, praised for its innovative analysis and "creative destruction" concept. Critics find his socialism predictions overly idealistic and the writing dense. Nonetheless, it's a seminal work, essential for understanding economic theory evolution.

Who should read this

Who Should Read Capitalism, Socialism and Democracy?

Readers who relish Capitalism, Socialism and Democracy by Joseph Alois Schumpeter typically enjoy intricate analyses of economic systems and political theory. Enthusiasts of Karl Marx's Das Kapital or John Maynard Keynes's The General Theory of Employment, Interest, and Money will find Schumpeter's thought-provoking discourse engaging.

Book Details
Pages

460

Format

Book • Nonfiction

Setting

1940s

Publication Year

1942

Audience

Adult

Recommended Reading Age

18+ years

Continue your reading experience

Subscribe now to unlock the rest of this Study Guide plus our full library, which features expert-written summaries and analyses of 8,000+ additional titles.