Transcription of CAPITALISM, SOCIALISM
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CAPITALISM, SOCIALISM
CAPITALISM, SOCIALISMAND DEMOCRACYWhen Joseph Schumpeter s book first appeared, the New English Weeklypredicted that for the next five to ten years it will certainly remain awork with which no one who professes any degree of information onsociology or economics can afford to be unacquainted . The prophecy hasbeen justified, but how much more fully than its maker anticipated. Ageneration later, it is more widely read than when it first appeared. Themixed economy has become established in North America as well as inthe countries of the European Community, while in the socialist countriesthere has been a move towards various forms of decentralisation and ofa market economy.
output as a whole (Part I). I shall provide then a reader’s guide to Schumpeter’s book, which may be of assistance to those who are approaching it for the first time. This will also enable the hurried reader to go straight to the most important parts of Capitalism, Socialism and Democracy (Part II). The third and final part of the ...
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