This volume sets forth as simply as possible the theoretical foundations which underlie the practical policies of democratic Socialism. This involves both a repudiation and a refutation of the assumptions of the older classical economists who believed in laissez-faire, and a careful differentiation of the economics of democratic Socialism from the neo-classical doctrines associated with the name of Maynard Keynes.

In this classic and prescient book, Joseph A. Schumpeter introduced the world to the concept of "creative destruction," which forever altered how global economics is approached and perceived. Capitalism, Socialism and Democracy is essential reading for anyone who seeks to understand where the world economy is headed. --publisher.

Growing numbers of people are disgusted by the disaster of poverty, war, oppression, and environmental destruction caused by global capitalism. But is there an alternative? Author Alan Maass argues that socialism--a democratically planned economy based on workers' control--is rational, necessary, and possible. With an afterword by Howard Zinn. Alan Maass is the editor of the website SocialistWorker.org.

In a little more than a decade, economist Michael A. Lebowitz has written several major works about the transition from socialism to capitalism: Beyond Capital(winner of the Deutscher Prize), Build It Now, The Socialist Alternative, and The Contradictions of "Real Socialism." Here, he develops and deepens the analysis contained in those pathbreaking works by tracing major issues in socialist thought from the nineteenth century through the twenty-first....