I've enjoyed reading his works ever since. Thomas McCraw: I first encountered Schumpeter many years ago, as an undergraduate, and Sean Silverthorne: What attracted you to research and write about Schumpeter? And why the title Prophet of Innovation? McCraw, the Isidor Straus Professor of Business History Emeritus, discusses his research and thoughts on Schumpeter's legacy in this e-mail interview. He also once initiated a sword fight with a librarian-and won. Something of a dandy, Schumpeter (1883-1950) was a hit with women, adored by students, and both made and lost a fortune in a matter of years. Making the story even more compelling is Schumpeter's charismatic personality. A central theme details how Schumpeter's insights help us understand how the forces of capitalism, innovation, and entrepreneurship continue to transform the world today. McCraw, a past winner of the Pulitzer Prize for History, has written a new biography, Prophet of Innovation: Joseph Schumpeter and Creative Destruction, which weaves together threads of social, business, and economic histories to illuminate Schumpeter's life and work. “I think Schumpeter is the most penetrating analyst of capitalism who ever lived. If capitalism was the most influential single economic and social force of the 20th century (and continuing today), there is no better guide to understanding its power and complexity than famed economist Joseph Schumpeter, says Harvard Business School's Thomas K.
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