Capitalism, Socialism and Democracy Summary of Key Points
Joseph Schumpeter’s ‘Capitalism, Socialism and Democracy’ is a classic work examining the political and economic theory of capitalism’s evolution and potential transition into socialism.
Joseph Schumpeter’s ‘Capitalism, Socialism and Democracy’ is a classic work examining the political and economic theory of capitalism’s evolution and potential transition into socialism.
Capitalism is an economic system where private individuals or businesses own capital goods. The book explores its origins, principles, impact on economies, and various models.
Capital, originally titled Das Kapital, is Karl Marx’s seminal work critiquing the political economy and capitalism, exploring production, labor, and class struggle.
Ha-Joon Chang dispels the myths of free-market capitalism, detailing 23 misconceptions that sustain it, with a focus on ethical and practical implications.
Max Weber’s ‘The Protestant Ethic and the Spirit of Capitalism’ explores the relationship between Protestantism, particularly Calvinism, and the development of modern capitalism.
Paul Collier explores the failures of current capitalist systems and suggests ethical solutions to reduce inequality, restore social cohesion, and sustain economic growth.
Yanis Varoufakis, an economist, explains the complexities of the economy in an accessible way for his daughter and, by extension, the reader.
Raw Deal is an examination of the unchecked expansion of the sharing economy and its adverse effects on worker rights, job security, and the American economy.
Paul Mason explores the emergence of a new economic system that follows the crisis of capitalism. He envisages a shift towards a more equitable and sustainable model.