«Capitalism, Socialism, and Democracy» by JOSEPH A.SCHUMPETER

Capitalism, Socialism and Democracy remains one of the greatest works of social theory written this century. When it first appeared the New English Weeklypredicted that `for the next five to ten years it will cetainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted. Fifty years on, this prediction seems a little understated.