Joseph A. Schumpeter(English, Hardcover, Medearis John Dr.)

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Joseph A. Schumpeter(English, Hardcover, Medearis John Dr.) is written by Medearis John Dr. and published by Bloomsbury Publishing PLC. It's available with International Standard Book Number or ISBN identification 0826430120 (ISBN 10) and 9780826430120 (ISBN 13).

This is the fourth volume in the "Major Conservative and Libertarian Thinkers" series. 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.