Capitalism, Socialism, and Democracy

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In this definitive third and final edition (1950) of his masterwork, Joseph A. Schumpeter introduced the world to the concept of "creative destruction, " which forever altered how global economics is approached and perceived. Now featuring a new introduction by Schumpeter biographer Thomas K. McCraw, "Capitalism, Socialism and Democracy" is essential read-ing for anyone who seeks to understand where the world economy is headed.