I keep a weblog like it's still the 90s. For commentary and dissent please visit jontaylor.ca, or various other purveyors of thought online.

Wednesday, November 4, 2009

Can Capitalism Survive?

Can Capitalism Survive? - Matt McCaffrey - Mises Institute: "The most famous chapters of Joseph Schumpeter's Capitalism, Socialism, and Democracy have been republished in paperback under the title Can Capitalism Survive? Creative Destruction and the Global Economy.[1] Republishing these core chapters as a standalone text in a time of economic crisis is timely to say the least.

The events of recent months merit renewed attention for Schumpeter's ideas about capitalist society, the forces that maintain it, and those that oppose it. The need for calm deliberation on the nature of capitalism has rarely been more evident than now. After all, Schumpeter himself points out correctly that 'practically every nonsense that has ever been said about capitalism has been championed by some professed economist' (p. 158)."

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