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22 of 22 people found the following review helpful
5.0 out of 5 stars Packed with Knowledge !, 21 Mar 2005
By 
Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
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Economist Joseph A. Schumpeter's keen intellect makes some of today's scholarship sound like the spouting of ideology on talk shows. Some consider him the greatest economist of the twentieth century. Only an intellect of his towering stature would be able to present a case that while Marx was wrong about how capitalism would collapse, he was probably correct that it eventually would. Schumpeter also contends that socialism may eclipse free-market economies, news he feels society should greet with angst. He believed that capitalism's doom would proceed not from a revolution by an angry proletariat, but rather as a result of successes that would give rise to a class of elites who would gradually institute systems of central control. Fully understanding this complex, although non-mathematical, treatise may require some background; it is not a book for the novice. While this 1942 classic may seem dated in spots, those who conclude that it is time to tap dance on socialism's grave should consider that Schumpeter expected socialism's dominance to take a century or more. We recommend this classic to anyone seeking a deeper understanding of the historic, economic case for the rise of socialism.
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2 of 2 people found the following review helpful
5.0 out of 5 stars Schumpeter's most durable, 17 Mar 2013
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Alfredo Pastor Bodmer (Barcelona, Spain) - See all my reviews
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This review is from: Capitalism, Socialism and Democracy (Paperback)
Out of fashion, but still a masterpiece for today. His way of writing stimulates thought -so mucho so that he becomes impossible to summarize- and his approach is applicable to the analysis of many current problems. Should not be read as a prophecy, the author explicitly said that he was not in the prediction business.
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11 of 13 people found the following review helpful
5.0 out of 5 stars Classic explanation of how democracy and kapitalism works!, 2 Jan 1999
By A Customer
This was the first book I read when I did my study political sience in the Netherlands. Schumpeter writes a brilliant explanation how politics works. The elites competes with each other for the votes of the public. He compares the economic market with the political market and analysis the trends with amazing relevance for our current system. Further his analysis of Kapitalism is so interesting and thought provocing. He states that Kaptialism is the most efficient and effective system of production but that it will go under by the lack of political, emotional and moral support of the masses once it is incredible succesfull. Now that Capitalism has won everywhere on this earth it is interesting if his theory will come to life. Very readable and billiant book.
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Capitalism, Socialism and Democracy
Capitalism, Socialism and Democracy by Joseph Alois Schumpeter (Paperback - 28 Dec 2010)
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