Capitalism, Socialism and Democracy

About “Capitalism, Socialism and Democracy”

Capitalism, Socialism, and Democracy is a non-fiction work by Joseph Schumpeter that explores economics, sociology, and history. The book is considered one of the most famous, controversial, and important works in social theory, social sciences, and economics. Schumpeter examines capitalism, socialism, and the concept of creative destruction. It is the third most cited book in the social sciences published before 1950, following Marx’s Capital and Adam Smith’s The Wealth of Nations.