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SCHUMPETER, Joseph Alois.

Capitalism, socialism, and democracy.

Stock Code
91294
New York, Harper & Brothers, 1942
£3,750

First edition, scarce, of Schumpeter's most important and controversial book: a philosophical analysis of economics and history in which he coined the term 'creative destruction'. Blaug, who calls this his masterpiece, notes that in this work, Schumpeter 'paradoxically rejected the Marxian diagnosis of the imminent breakdown of capitalism and, at the same time, predicted the almost inevitable arrival of socialism as a result of the betrayal of capitalist values by the intellectuals of the western world' (Great Economists Before Keynes, p. 216.)

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Description

First edition. 8vo. Original blue cloth, titles to spine gilt. Spine gilt a little faded.

Bibliography

Swedberg S.011.

Stock ID:91294

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