“Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that.”
Quote by Joseph A. Schumpeter
Work
Capitalism, Socialism and Democracy
A seminal work that explores the historical development and comparative analysis of capitalism, socialism, and democracy, offering insights into their economic and political implications. more
Author
Joseph A. Schumpeter
Joseph A. Schumpeter was a renowned economist known for his research on innovation and entrepreneurship. His theories have had a profound impact on modern economics. more
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