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Joseph A. Schumpeter
     

Joseph A. Schumpeter

by John Medearis
 

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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

Overview

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.

Product Details

ISBN-13:
9780826430120
Publisher:
Bloomsbury Academic
Publication date:
07/28/2009
Series:
Major Conservative and Libertarian Thinkers Series
Pages:
176
Product dimensions:
5.50(w) x 8.60(h) x 0.80(d)

Meet the Author

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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