Joseph A. Schumpeter

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Joseph Schumpeter (1883 - 1950) was one of the foremost economic thinkers of the twentieth century. Today Schumpeter is most well-known for his idea of 'creative destruction'. This is the notion that a market economy is simultaneously creative and destructive and therein lies the process of renewal that is central to the endurance and also the unpopularity of capitalism. Schumpeter's work also contains one of the most important conservative critiques of mass democracy. Schumpeter argued that mass democracy had totalitarian tendencies and was likely to degenerate into the tyranny of the popular.

Reviews

"The volumes in this timely series comprise the most comprehensive body of material on conservative and libertarian thought yet published in a single project devoted to the subject. The series will prove an indispensable tool not only for those concerned with the history of political thought but also for those who confront the challenging task of constructing a viable contemporary conservative identity. Professor Meadowcroft had a difficult editorial task, to which he has responded with a judicious choice of thinkers and topics."Noel O'Sullivan, Professor of Political Philosophy, the University of Hull, UK.

Author Bio

John Medearis is Assistant Professor of Political Science at the University of California, Riverside. He is the author of Schumpeter's Two Theories of Democracy (Harvard University Press, 2000).