Marx and Schumpeter on Capitalism's Dynamic Nature - Lecture 4

This lecture compares Marxist theories of monopoly capitalism with Schumpeter’s theory of creative destruction. It critiques Marxist determinism and examines labor, economic growth, revolution, exploitation, and the state.

Syllabus

- Chapter 1: Introduction
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- Chapter 2: Marxist Historicism
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- Chapter 3: Monopoly Capitalism
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- Chapter 4: Falling Rates of Profit
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- Chapter 5: Immiseration of the Working Class in Late Capitalism
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- Chapter 6: Inevitable Revolution in Advanced Capitalist Systems
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- Chapter 7: Theory of the Universal Class
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- Chapter 8: Withering Away of the State
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