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Publisher's Summary

Joseph Schumpeter (1883-1950) viewed capitalism as a dynamic engine of progress. In his view, mature economic systems find a regular and stable routine of supply, demand, and exchange; Schumpeter called this the "circular flow". Entrepreneurs interrupt this circular flow with new ideas and visions about the economic future, recombining existing resources to create new and more valuable products and services. Schumpeter saw the freedom of innovation and exchange as the foundation of material progress in capitalist economies.

Schumpeter called capitalism a process of "creative destruction" because it overthrows old routines and methods of production. But he recognized that this process is unstable, and therefore unsettling, for those who have become accustomed to established ways. Schumpeter predicted growing political opposition to capitalism, and a corresponding growth in socialism, in the 20th century.

©1988 by Carmichael & Carmichael, Inc. and Knowledge Products; (P)Blackstone Audiobooks

What members say

Average Customer Ratings

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Story

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  • Overall
  • Andy
  • Westport, CT, United States
  • 01-09-09

great narration, too tough to understand

Can't get much better than having Louis Ruckeyser narrate a book about Schumpeter. However, I think you need to be an economist to really understand this topic as laid out in the book.

3 of 4 people found this review helpful

  • Overall
  • Performance
  • Story
  • Adrian
  • Bryanston, South Africa
  • 01-09-12

Dull and irritating

Would you try another book from Laurence S. Moss and/or Louis Rukeyser?

With a different narrator and style - perhaps, yes.

What could Laurence S. Moss have done to make this a more enjoyable book for you?

Learn to pronounce European names, the correct pronunciation of Schumpeter would be a start.

How did the narrator detract from the book?

Enormously. The use of

What reaction did this book spark in you? Anger, sadness, disappointment?

Irritation

0 of 2 people found this review helpful

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  • Performance
  • Story
  • Vauxhall Hoosier
  • 11-25-13

Disappointing

Would you try another book written by Laurence S. Moss or narrated by Louis Rukeyser?

No - the writing did not cover the ground I expected.

Would you ever listen to anything by Laurence S. Moss again?

No.

Have you listened to any of Louis Rukeyser’s other performances? How does this one compare?

Have not listened to any others. Passages read in silly accents that I suppose were intended to sound like their authors' voices detracted from the performance.

Any additional comments?

I expected a book on Schumpeter's economic theories, but instead got a lot of biographical notes, a handful of quotations read in silly accents, and only a superficial overview of the economic theories. Very disappointing.

1 of 1 people found this review helpful