ABSTRACT
Professor Schumpeter takes his stand on a highly original and personal point of view. Most of those who advocate or expect the supersession of capitalism by socialism have a strong sympathy with the idea of socialism and, indeed, call themselves socialists. Professor Schumpeter, as many tart phrases reveal, has little love for socialism, and none at all for socialists. His natural sympathy is all with the heroic age of expanding capitalism. But yet he regards capitalism as doomed and socialism as inevitable. His reasons are set out in Part II of the book, Can Capitalism Survive? This forms the central core of his argument. Before considering it, we may glance at the outlying portions of the work.
