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Capitalism, Socialism and Democracy
Last discussed Aug 6, 2026
A 1942 book by economist Joseph Schumpeter that introduced the concept of 'creative destruction' in capitalism.
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What creators say
AW
Amy Webb
mentioned
"I found this book which I read. It's actually part two of a much bigger tome. Capitalism, Can Capitalism Survive? It was written in the 40s, so it's heavy. But the third chapter is called the process of creative destruction."
More from Amy Webb →
SK
Steve Keen
critical
"Do not bother reading his book called Capitalism, Socialism and Democracy. It's a waste of time. It's actually his retirement find."
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