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Capitalism, Socialism and Democracy - Joseph Schumpeter


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[amazonsearch]Capitalism, Socialism and Democracy[/amazonsearch]


A work of pure genius. This book is a critique of democracy and a critique of marxism. Its basic thesis is that the world is inevitably heading toward socialism though not for the reasons Marx came up with. I don't agree with the prediction but what stands out for me is the way Schumpeter argues and analyzes situations. In addition his analysis of democracy is pure genius.


The book itself made me realize how poor my own analytic skills are and gave me a strong desire to improve them. It definitely makes you a better thinker.

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