1942 SocialismCapitalismandDemocracy

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Subject Headings: Social Theory, Economic Theory, Capitalism, Socialism, Creative Destruction, Neoclassical Economics


Cited By


  1. Schumpeter on the Economics of Innovation And the Development of Capitalism, Arnold Heertje, Jan Middendorp (Ed.), Edward Elgar Publishing, 2006, p. 41
  2. Essays: On Entrepreneurs, Innovations, Business Cycles, and the Evolution of Capitalism, Joseph Alois Schumpeter, Transaction Publishers, 1951, Classics in economics collection, in the introduction by editor Richard Vernon Clemence, p. xviii-xix
  3. Capitalism and Democracy in the 21st Century: Proceedings of the International Joseph A. Schumpeter Society Conference, Vienna 1998 "Capitalism and Socialism in the 21st Century", (Ed.s) Dennis C. Mueller and Uwe Cantner, Springer, 2000,p. 2
  4. Economics Broadly Considered: Essays in Honour of Warren J. Samuels, Jeff E. Biddle, Volume 48 de Routledge Studies in the History of Economics, Routledge, 2001, p. 125
  5. About this book on Capitalism, Socialism and Democracy in Google books
  6. Rogge, Can Capitalism Survive?, Part I | Library of Economics and Liberty




But in capitalist reality as distinguished from its textbook picture, it is not that kind of competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organization (the largest-scale unit of control for instance) - competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives. This kind of competition is as much more effective than the other as a bombardment is in comparison with forcing a door, and ...




 AuthorvolumeDate ValuetitletypejournaltitleUrldoinoteyear
1942 SocialismCapitalismandDemocracyJoseph A. Schumpeter (1883-1950)Socialism, Capitalism and Democracy1942
AuthorJoseph Schumpeter +
titleSocialism, Capitalism and Democracy +
year1942 +