Capitalism, Socialism and Democracy  

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Kunstformen der Natur (1904) by Ernst Haeckel
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Kunstformen der Natur (1904) by Ernst Haeckel

Capitalism, Socialism and Democracy is the most famous book by Joseph Schumpeter in which he deals with capitalism, socialism and creative destruction. First published in 1942, it is largely unmathematical, compared with neoclassical works, focusing on the unexpected, rapid spurts of entrepreneur-driven growth instead of static models.




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