Joseph Schumpeter’s Capitalism, Socialism and Democracy (1942) contains a famous, and minimal, definition of democracy as the competition between political elites to sell themselves to the electorate. Schumpeter wanted to debunk more elevated ideas of the common good and the popular will. Why then has his theory proved so influential for people who want to rescue democracy as much as those who want to diminish it?
Going Deeper:
- Ian Shapiro, The State of Democratic Theory (2006)
- Thomas K. McCraw, Prophet of Innovation: Joseph Schumpeter and Creative Destruction (2007)
- Jill Lepore, ‘The Disruption Machine, New Yorker (2014)
- (Audio): Creative Destruction, BBC Radio 4
Hosted on Acast. See acast.com/privacy for more information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Bobby Bones Show
Listen to 'The Bobby Bones Show' by downloading the daily full replay.