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.
- ISBN10 1441126333
- ISBN13 9781441126337
- Publish Date 14 March 2013 (first published 15 May 2009)
- Publish Status Active
- Publish Country US
- Publisher Bloomsbury Publishing Plc
- Imprint Bloomsbury Academic USA
- Format Paperback
- Pages 176
- Language English