In this classic and prescient book, originally published in 1942, Joseph A. Schumpeter introduced the world to the concept of "creative destruction," which forever altered how global economics is approached and perceived. Capatalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed -- from cover.

THE MARXIAN DOCTRINE -- Marx the Prophet -- Marx the Sociologist -- Marx the Economist -- Marx the Teacher -- CAN CAPITALISM SURVIVE? -- The Rate of Increase of Total Output -- Plausible Capitalism -- The Process of Creative Destruction -- Monopolistic Practices -- Closed Season -- The Vanishing of Investment Opportunity -- The Civilization of Capitalism -- Crumbling Walls -- Growing Hostility -- Decomposition -- CAN SOCIALISM WORK? -- Clearing Decks -- The Socialist Blueprint -- Comparison of Blueprints -- The Human Element -- Transition -- SOCIALISM AND DEMOCRACY -- The Setting of the Problem -- The Classical Doctrine of Democracy -- Another Theory of Democracy -- The Inference -- A HISTORICAL SKETCH OF SOCIALIST PARTIES -- The Nonage -- The Situation that Marx Faced -- From 1875 to 1914 -- From the First to the Second World War -- The Consequences of the Second World War.