Schumpeter biography thomas
Rediscovering schumpeter: the power of capitalism...
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Joseph Alois Schumpeter (1883–1950), an Austrian who taught at Harvard for twenty years, was “one of the greatest economists who ever lived, and an electrifying personality besides,” writes HBS professor emeritus Thomas K.
McCraw in his new book, Prophet of Innovation: Joseph Schumpeter and Creative Destruction.
Schumpeter biography thomas
With this graceful, authoritative biography, McCraw, a Pulitzer Prize–winning historian, has all but ensured that a seminal but relatively uncelebrated twentieth-century visionary will finally get his due.
The signal contribution made by Schumpeter (pronounced “SHOOMpayter”) to the study of economic behavior was to humanize it.
In part because of his own turbulent life, he came to understand that mathematical certitude could not always prevail where “indeterminate human behavior,” in McCraw’s words, is involved. And time has served Schumpeter well.
Perhaps more so than with any other economist, it is Schumpet