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    Description

    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

    Ce que les auditeurs disent de Joseph Schumpeter and Dynamic Economical Change

    Notations
    Global
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    Commentaires - Veuillez sélectionner les onglets ci-dessous pour changer la provenance des commentaires.

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    • Global
      1 out of 5 stars
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    • Andy
    • 09/01/2009

    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.

    4 personnes ont trouvé cela utile

    • Global
      4 out of 5 stars
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      3 out of 5 stars
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    Image de profile pour KAZ Vorpal, aka Michael Karl
    • KAZ Vorpal, aka Michael Karl
    • 13/03/2021

    Good Info, but...

    Louis Rukeyser is a real pro, not guilty of the mispronunciation and misemphasis of most audiobook readers. And the actual book is clearly expressed, with valuable information presented in an interesting way.

    The one problem is that whenever the author quotes someone, the voice isn't Rukeyser. They hired some extras with accents that they feel sound like the original dialects, but which come across as an absurd parody. The Austrian accent, for example, sounds like Count Dracula meets Dexter, Boy Genius. Very distracting.

    • Global
      5 out of 5 stars
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    • Amazon Customer
    • 03/01/2019

    Economic Theory of the Past for the Present

    Schumpeter 's development of a theory of the dynamics of the capitalist activity in the market and the role of the entrepreneurs in creating disruptive innovation offers much for us to reconsider today.

    • Global
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    • No to Statism
    • 22/07/2018

    Great Summary of Schumpeter

    This overview of Joseph Schumpeter's economic thought, is quite good. Though it is a brief summary, it nevertheless gives the listener a fuller understanding of who Schumpeter was, and the contributions he made to economic thought. Additionally, Louis Rukeyser did a great job reading the text.

    • Global
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    • Adrian
    • 09/01/2012

    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