#4828
Mentioned in 8 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 8 episodes

Mentioned by Nick Gillespie to illustrate the idea that capitalism, while disruptive, ultimately benefits consumers.
260 snips
Libertarian Says What? with Nick Gillespie
Mentioned by 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
Mentioned by Sean Illing in relation to the concept of creative destruction within capitalism.
20 snips
The free-market century is over
Mentioned as the author of a book that highlights the existence of anti-modern intellectuals even before postmodernism.
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Why the West Turned on Itself | Maarten Boudry | Ep. 63
Mentioned by Leah Downey as a book she read during her undergraduate studies.
Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)
Mentioned by Russ Roberts as a book discussing capitalism, socialism, and democracy.
Michael Munger on Antitrust
Mentioned by Jeremy Gilbert while discussing the theory of disruptive innovation and its association with Schumpeter's concept of creative destruction.
ACFM Trip 47: Disruption
Mentioned by 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
Mentioned by Leah Downey as a book she read during her undergraduate studies.
Leah Downey, "Our Money: Monetary Policy as If Democracy Matters" (Princeton UP, 2024)
Mentioned by Sean Illing when discussing creative destruction and the pace of technological change.
The free-market century is over
Mentioned by Jeremy Gilbert while discussing the theory of disruptive innovation and creative destruction in capitalism.
ACFM Trip 47: Disruption
Mentioned by Matthew Goodwin as a book that predicted the current political realignment.
Matthew Goodwin: Why Labour Lost the Election
Mentioned by Anthony Scaramucci in relation to creative destruction and government intervention in markets.
Marc Faber On Bubbles, Markets & Inflation

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