The contributors to the book were asked to give their assessment of how the messages of Schumpeter's famous tract "Capitalism, Socialism, and Democracy" have stood the test of time. Much as happened in the forty years since Schumpeter wrote the book. Is it possible to say that events have tended to confirm or refute the author's provocative prognoses? Each contributor provides a different and nuanced answer to these questions. The continued importance of those questions has ensured that a century after Schumpeter's birth, scholars take his writings seriously, treating them as living contributions to contemporary debates.