Reading Guide 10: Schumpeter, Capitalism, Socialism and Democracy


Open the Readings on p.217 and look through the table of contents. Part I is an appreciation and critique of Marx. Schumpeter argues that Marx's argument to show that Capitalism will eventually destroy itself is unsound. Nevertheless, Schumpeter himself thinks that Capitalism contains the seeds of its one destruction. Hence Part II: Can Capitalism Survive? The answer he gives is No. But at first, Chapters 5-8, he explains the strengths and virtues of Capitalism. Then he explains why it will eventually be transformed into socialism. Notice Chapter XIII, which is the first of the extracts we will read



    Upload a copy of this work     Papers currently archived: 86,412

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

  • Only published works are available at libraries.

Similar books and articles


Added to PP

89 (#164,138)

6 months
3 (#340,008)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references