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In the canon

Capitalism, Socialism, and Democracy

Joseph A. Schumpeter

Form
Form Non-fiction
Year
Year 1942
Pages
Pages 440

An economist argues capitalism will not collapse from its failures but be undone by its own success, as its constant destroying and remaking of old businesses breeds an educated class that turns against the system that made it possible.

This process of Creative Destruction is the essential fact about capitalism.
Capitalism, Socialism, and Democracy, Joseph A. Schumpeter

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Capitalism, Socialism, and Democracy by Joseph A. Schumpeter · The Daily Canon