Capitalism, Socialism and Democracy after Fifty Years

Arnold Heertje
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Arnold Heertje: University of Amsterdam

Chapter 3 in Economics in a Changing World, 1993, pp 43-59 from Palgrave Macmillan

Abstract: Abstract Schumpeter dealt with five topics in his famous and much debated book Capitalism, Socialism and Democracy (CSD) published in 1942. He started with a thorough discussion of the Marxian doctrine, which is a brilliant analysis of Marx the prophet, the sociologist, the economist and the teacher. Then follows part two, which has attracted most attention, on the development or rather the decay of capitalism. Part three deals with the question ‘Can socialism work?’ and part four is a treatment of socialism and democracy. In the closing part five, Schumpeter presents a historical sketch of socialist parties.

Date: 1993
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DOI: 10.1007/978-1-349-22988-8_3

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