Can capitalism survive? No, in my opinion, it cannot.

Schumpeter's engagement with socialism remains highly relevant, especially in light of China's seemingly unstoppable rise. He dares to tackle major socio-political questions in the sense of a histoire raisonnée as a key to understanding historical processes. The 10th edition includes, for the first time, Part V of the work, in which Schumpeter outlines the similarities, but above all the differences, between socialist movements and parties in Europe, Russia, and the USA, and critically discusses the rise of the Soviet Union. An introduction to Schumpeter's theses and their context in contemporary and current discussions, along with a selected bibliography, facilitate access to this standard work.

This classic of social sciences is now available in its 10th edition, fully translated for the first time.