Pinterest • The world’s catalog of ideas

Capitalism, Socialism, and Democracy - Kindle edition by Joseph Schumpeter. Politics & Social Sciences Kindle eBooks @ AmazonSmile.

Joseph Schumpeter's assertion that the “democratic method is that institutional arrangement for arriving at political decisions in which individuals acquire the power to decide by means of a competitive struggle for the people's vote” (1956, p. 269), still stands as a concise statement of the elitist view. In this view, the emphasis is placed on responsible political leadership. Political leaders are to avoid divisive and emotionally charged issues and make policy and law with little regard…

from Forbes

Schumpeter Got Innovation Wrong, And Other Myth-Busting Ideas From A Nobel Prize Economist

Joseph Schumpeter.- Predijo la desintegración sociopolítica del capitalismo, que, según él, se destruiría debido a su propio éxito.2 3 Sus principales obras son: Teoría del desarrollo económico (1912), Los ciclos económicos (1939), Capitalismo, socialismo y democracia (1942) y La historia del análisis económico (póstuma, 1954).

Open Yale Courses | Capitalism: Success, Crisis, and Reform | Lecture 4 - Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest

from Yahooey's Blog

Quote of the Day

“Nothing is so treacherous as the obvious.” — Joseph Schumpeter