Capitalism Socialism and Democracy Author:Joseph A. Schumpeter A highly sophisticated interpretation of entrepreneur capitalism, oe that is filled with challenges for those who blieve that monopolistic practices constitue a long-run sabotage of the functioning of the the system, or that we have entered a new period of permanently depressed rates of private capital formation...Schumpeter's work constitutes, ... more »as a whole, a bold attempt to integrate economic theory with economic history in a synthesis in terms of which the mechanics of the capitalistic process may be outlined with reference to historical time.« less