![]() Yet, his popularity peaked in the early 1990s when his metaphor of ‘creative destruction’ explained fast economic growth without inflation. “Joseph Schumpeter might have been the most complete economist of the 20 th century: linking technology, finance, development, and crises across the history of economic thought. ![]() And readers who have any doubts about this are highly likely to be persuaded by the books well developed argument.” ― Richard Nelson, Professor of Economics, Emeritus, Columbia University This book makes the case for bringing the Schumpeterian perspective to the center of our discipline’s thinking and writing. However, today’s academic economic discipline recognizes Schumpeter hardly at all. “The perspective of the informed lay public on how modern capitalist economies work long has been Schumpeterian. This present volume is timely and forward-looking.” ― Geoffrey Hodgson, Professor in Management, Loughborough University London Capitalism has been called into question and Socialism has gained popularity as a claimed alternative worrying global developments are now threatening Democracy. But the Great Crash of 2008 has made it even more relevant than before. ![]() Schumpeter’s great book has been a classic since its publication in 1942. Schumpeter’s Capitalism, Socialism and Democracy: A Twenty-First Century Agenda (Routledge Studies in the History of Economics) 1st Edition ![]()
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