![]() ![]() He understood Marxism and capitalist theory as well as any of his contemporaries, and managed to keep enough distance from the affair of the day to observe the big trends and the dynamics pushing them. ![]() But he is second to none in the integration of social, political, and economic thought. Schumpeter went his own way with an eclectic and unsystematic theory of economics. ![]() Schumpeter himself cannot be called a member of the Austrian School but he emerges from within its culture and among its leading thinkers. Capitalism, Socialism, and Democracy is packed with scintillating insight on all the topics that really matter: capitalism and its future, the absurdities of socialism, the dangers of democratic rule, the future of freedom, and the social dynamics that protect and undermine freedom. ![]()
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