#2677
Mentioned in 10 episodes

Capitalism, Socialism and Democracy

Book • 1942
In this seminal work, Joseph A. Schumpeter analyzes the processes of capitalism, arguing that it is both innovative and unstable due to the concept of 'creative destruction', where continuous innovation disrupts established industries.

The book also examines the potential replacement of capitalism by socialism and discusses the future of democracy in evolving economic structures.

Schumpeter presents a balanced view of both capitalist and socialist systems through theoretical models and comparative analysis, and he predicts that capitalism might eventually give way to socialism due to internal societal and economic changes rather than external failures.

Mentioned by

Mentioned in 10 episodes

Mentioned by
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Nick Gillespie
to illustrate the idea that capitalism, while disruptive, ultimately benefits consumers.
260 snips
Libertarian Says What? with Nick Gillespie
Mentioned by
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Adam C. Jones
in the context of Austrian economics and its relation to Peter Thiel's views.
64 snips
Peter Thiel Unmasked: From Lapsed Libertarian to Architect of the New Right
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Sean Illing
in relation to the concept of creative destruction within capitalism.
20 snips
The free-market century is over
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Jeffery Degner
, who references a passage about the mindset people adopt in an interventionist economy, leading to hyper-rationalization and consumerism.
16 snips
Ep. 2676 Inflation vs. Families, Children, and Social Health
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Randall Holcomb
when discussing the survival of capitalism.
13 snips
Political Capitalism and the Power of Elites: Randall Holcombe
Mentioned as the author of a book that highlights the existence of anti-modern intellectuals even before postmodernism.
12 snips
Why the West Turned on Itself | Maarten Boudry | Ep. 63
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Leah Downey
as a book she read during her undergraduate studies.
Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)
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Russ Roberts
as a book discussing capitalism, socialism, and democracy.
Michael Munger on Antitrust
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Yaël Ossowski
mentions Joseph Schumpeter in the context of capitalistic markets and cycles of decay and rebuilding.
#642: The Weaponized Bank Secrecy Act with Yaël Ossowski
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Jeremy Gilbert
while discussing the theory of disruptive innovation and its association with Schumpeter's concept of creative destruction.
ACFM Trip 47: Disruption
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Jeremy Gilbert
while discussing the theory of disruptive innovation and creative destruction in capitalism.
ACFM Trip 47: Disruption
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Arthur Diamond
as the author of "Capitalism, Socialism, and Democracy", where he introduces the concept of creative destruction.
Arthur Diamond on Openness to Creative Destruction
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Matthew Goodwin
as a book that predicted the current political realignment.
Matthew Goodwin: Why Labour Lost the Election
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Sean Illing
when discussing creative destruction and the pace of technological change.
The free-market century is over
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Anthony Scaramucci
in relation to creative destruction and government intervention in markets.
Marc Faber On Bubbles, Markets & Inflation
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Leah Downey
as a book she read during her undergraduate studies.
Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)
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Robyn Klingler-Vidra
when discussing the role of startups in driving innovation and challenging incumbent firms.
Innovation Wars: The Global Race for Startup Supremacy

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