In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. Six essential elements of Schumpeter’s prediction about the fate of capitalism are confronted with the development of the Swedish economy.
Content: Article
Authors: Magnus Henrekson, Ulf Jakobsson
Source: SSE/EFI Working Paper Series
Subjects: Economics, Trends / Analysis
Authors: Magnus Henrekson, Ulf Jakobsson
Source: SSE/EFI Working Paper Series
Subjects: Economics, Trends / Analysis
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Schumpeter is one of the most interesting figures in economic and philosophical thought, but is oft-overlooked in U.S. higher education