Quality assurance was conducted on each of these books in an attempt to remove books with imperfections introduced by the digitization process. Though we have made best efforts - the books may have occasional errors that do not impede the reading experience. We believe this work is culturally important and have elected to bring the book back into print as part of our continuing commitment to the preservation of printed works worldwide.

    Cannon 9/12/39The USSR in War 9/25/39to Sherman Stanley 10/8/39Again & Once More Again on the Nature of the USSR 10/18/39The Referendum & Democratic Centralism 10/21/39to Sherman Stanley 10/22/39to James P. Cannon 10/28/39to Max Shachtman 11/6/39to James P. Cannon 12/15/39A Petty-Bourgeois Opposition in the SWP 12/15/39to John G. Wright 12/19/39to Max Shachtman 12/20/39to Nat'l Comm. Majority 12/26+27/39, 1/3+4/40to Joseph Hansen 1/5/40Open Letter to Cde Burnham 1/7/40to James P. Cannon 1/9/40to Farrell Dobbs 1/10/40to John G. Wright 1/13/40to James P. Cannon 1/16/40to Wm F. Warde 1/16/40to Joseph Hansen 1/18/40From a Scratch to the Danger of Gangrene 1/24/40 to Martin Abern 1/29/40to Albert Goldman 2/10+19/40Back to the Party 2/21/40Science & Style 2/23/40to James P. Cannon 2/27/40to Joseph Hansen 2/29/40to Farrell Dobbs 3/4, 4/4+16/40Petty-Bourgeois Moralists & the Proletarian Party 4/23/40Balance Sheet of the Finnish Events 4/25/40to James P. Cannon 5/28/40to Albert Goldman 6/5/40On the Workers Party 8/7/40to Albert Goldman 8/9/40to Chris Andrews 8/17/40

    When it first appeared the New English Weekly predicted 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.Why has the work endured so well? Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's publication. By refusing to become an advocate for either position Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.

    

    

    It is for people of goodwill, inspired by these ideals, to formulate practical policies to carry them into effect.

    This edition has an introduction by Carl Van Doren and illustrations by John Steuart Curry.