Capitalism, Socialism and Democracy

Capitalism, Socialism, and Democracy is a book on economics, sociology, and history by Joseph Schumpeter, arguably his most famous, controversial, and important work. It is also one of the most famous, controversial, and important books on social theory, social sciences, and economics—in which Schumpeter deals with capitalism, socialism, and creative destruction. It is the third most cited book in the social sciences published before 1950, behind Marx's Capital and The Wealth of Nations by Adam Smith.