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Peer reviewedBogart, William T. – Journal of Economic Education, 1995
Compares and contrasts Joseph Schumpeter's 1942 classic of economic thought, "Capitalism, Socialism, and Democracy," with Edward Bellamy's 1888 utopian novel, "Looking Backward." Both works criticize capitalism and arrive at socialist solutions. Bellamy's entertaining novel provides a useful benchmark for students analyzing…
Descriptors: Capitalism, Economic Change, Economic Development, Economic Impact
