Tour to asia for In 1942, Schumpeter published Capitalism, Socialism, and Democracy, a sociological study that was considered a great success at the time. In this study, he explored the pattern of economic systems over time, focused on socio-cultural advancements, and further developed the argument that the very success of capitalism would undermine its foundations and give rise to socialism. Schumpeter disagreed with Marx that the poor would lead the revolt against capitalism. He believed that the disillusioned intellectuals, who would replace entrepreneurs as the major political force, would instigate the creation of large and powerful centralized governments that would undermine the fundamentals of capitalism. Schumpeter, Joseph 743 For the rest of his life Schumpeter devoted himself to teaching and the study of history of economics. Elizabeth Boody, an economic historian specializing in Japan, who married Schumpeter in 1937, compiled and edited his research into a manuscript that was published posthumously in 1954 as History of Economic Analysis. This work, an authoritative account of the development of economics from ancient Greece, is still considered one of the greatest contributions to the history of economics. Tour to asia 2016.