1. Introduction: Why Read Mill and Schumpeter Today?.-2. Capitalism, Democracy and Elites.-3. Mill on Majority Power and Elite Government.-4. Schumpeter on Capitalist Development, Creative Destruction and Elites.-5. Conclusion: How Mill and Schumpeter tell us today?
Gülenay Baş Dinar is Professor of Economics at Abant Izzet Baysal University.
Çınla Akdere is Assistant Professor in Economics at the Middle East Technical University.
This book examines the intellectual ideas that underpin our understanding of capitalism. Framing these debates through the work on John Stuart Mill and Joseph Schumpeter, the development of democracy and its relationship with capitalism is explored to provide insight into the rationality of individuals and the distribution of power. By analysing the evolution of economic systems, ideas relating to democracy, capitalism, liberalism, competition, and elites are also defined.
This book aims to inform current economic and political debates and to highlight new forms of democracy and capitalism. It will be relevant to students and researchers interested in the political economy and the history of economic thought.
Gülenay Baş Dinar is Professor of Economics at Abant Izzet Baysal University.
Çınla Akdere is Assistant Professor in Economics at the Middle East Technical University.