Considered by many economists to be the finest analysis of capitalism ever written, Can Capitalism Survive? introduces Joseph A. Schumpeter s theory of creative destruction, stating that in capitalist economies new innovations erode the position of established firms while also providing new and previously unforeseen avenues of economic growth. Today the effects of such advancements as Mp3s--replacing CDs, which in turn had replaced cassettes and vinyl records--have proven his ideas correct. Prophetically arguing that capitalist societies are also subject to perennial gales of destruction that wipe away fortunes, this great economist revealed the vast, often chaotic economic landscape of world capitalism. First published in Schumpeters classic Capitalism, Socialism and Democracy, here is an invaluable guide the global economy.
^Carlsen, Spike (2014). Can Capitalism Survive? : Creative Destruction and the Future of the Global Economy, HarperCollins Publications. BiggerBooks. ISBN 9780061928017 (revised Nov 2023)
^Joseph A. Schumpeter (2009). Can Capitalism Survive?: Creative Destruction and the Future of the Global Economy, Harper Perennial Modern Classics. Amazon. ISBN 9780061928017 (revised Jan 2014)