Can Capitalism Survive?: Creative Destruction And The Future Of The Global Economy (Harper Perennial Modern Thought)

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.

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