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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Joseph A. Schumpeter

Joseph A. Schumpeter

Hardcover

Series: Major Conservative and Libertarian Thinkers, Book 4

PhilosophyEconomics

ISBN10: 0826430120
ISBN13: 9780826430120
Publisher: Bloomsbury Publishing PLC
Published: Jul 1 2009
Pages: 176
Weight: 0.75
Height: 0.80 Width: 5.60 Depth: 8.60
Language: English
Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of 'creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism. Schumpeter's work also contains one of the most important conservative critiques of mass democracy. Schumpeter argued that mass democracy had totalitarian tendencies and was likely to degenerate into the tyranny of the popular.

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Philosophy