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Joseph A. Schumpeter by John Medearis

Joseph A. Schumpeter

by John Medearis
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Book cover type: Paperback
  • ISBN13: 9781441126337
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Bloomsbury Publishing PLC
  • Publication Date:
  • Pages: 176
  • Original Price: GBP 33.99
  • Language: English
  • Edition: N/A
  • Item Weight: 249 grams
  • BISAC Subject(s): Political, Economics / Theory, and History & Surveys / Modern

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.

John Medearis is Assistant Professor of Political Science at the University of California, Riverside. He is the author of Schumpeter's Two Theories of Democracy (Harvard University Press, 2000).

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