Looking Backward at Feasible Socialism: Using Bellamy to Teach Schumpeter |
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| Authors: | William T Bogart |
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| Institution: | Center for Regional Economic Issues, Weatherhead School of Management, Case Western Reserve University |
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| Abstract: | This article demonstrates the parallels between Bellamy's fictional society in Looking Backward and Schumpeter's socialist blueprint Capitalism, Socialism, and Democracy. The socialist system Joseph Schumpeter describes is nearly identical to that in Edward Bellamy's utopia. Because Bellamy's society is a concrete one set within the readable confines of a novel, it provides a useful benchmark for students analyzing Schumpeter. |
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