Can the Dead (Capitalism) Be Brought Back to Life? »

I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction...
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Do We Take Miracles of Capitalism for Granted? »

Joseph Schumpeter, in his 1943 book Capitalism, Socialism, and Democracy, was concerned that the people who benefit most from a capitalist economy take its benefits for granted, and cannot be counted on to defend capitalism against its attackers. This would lead to capitalism’s eventual collapse. This seemed plausible in 1943, but less plausible in...
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