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020 _a9780674025233
020 _a9780674034815
040 _aCITU LRAC
_beng
082 _a330.122092
100 1 _aMcCraw, Thomas K.
_eauthor
245 _aProphet of innovation :
_bJoseph Schumpeter and Creative Destruction /
_cThomas K. McCraw
264 1 _aCambridge, MA. :
_bThe Belknap Press of Harvard University Press,
_c[2007].
264 4 _cc2007.
300 _axi, 719 pages :
_b illustrations ;
_c23 cm.
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references and index
505 0 _a L'Enfant terrible, 1883-1926: Innovation and economics -- Prologue: Who he was and what he did -- Leaving home -- Shaping his character -- Learning economics -- Moving out -- Career takeoff -- War and politics -- Gran Rifiuto -- Annie -- Heartbreak -- The adult, 1926-1939: Capitalism and society -- Prologue: What he had learned -- New intellectual directions -- Policy and entrepreneurship -- The Bonn-Harvard shuttle -- Harvard -- Suffering and solace -- The Sage, 1939-1950: Innovation, capitalism, and history -- Prologue: How and why he embraced history -- Business cycles, business history -- Letters from Europe -- To leave Harvard? -- Against the grain -- The courage of her convictions -- Alienation -- Capitalism, socialism and democracy -- War and perplexity -- Introspection -- Honors and crises -- Toward the mixed economy -- History of economic analysis -- A principle of indeterminateness -- L'Envoi -- Epilogue: The legacy.
520 _a "Pan Am, Gimbel's, Pullman, Douglas Aircraft, Digital Equipment Corporation, British Leyland - all once as strong as dinosaurs, all now just as extinct. Destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this bedrock economic principle better than Joseph A. Schumpeter. "Creative destruction," he said, is the driving force of capitalism." "Described by John Kenneth Galbraith as "the most sophisticated conservative" of the twentieth century, Schumpeter made his mark as the prophet of incessant change. His vision was stark: Nearly all businesses fail, victims of innovation by their competitors. Businesspeople ignore this lesson at their peril - to survive, they must be entrepreneurial and think strategically. Yet in Schumpeter's view, the general prosperity produced by the "capitalist engine" far outweighs the wreckage it leaves behind." "During a tumultuous life spanning two world wars, the Great Depression, and the early Cold War, Schumpeter reinvented himself many times. From boy wonder in turn-of-the-century Vienna to captivating Harvard professor, he was stalked by tragedy and haunted by the specter of his rival, John Maynard Keynes. By 1983 - the centennial of the birth of both men - Forbes christened Schumpeter, not Keynes, the best navigator through the turbulent seas of globalization. Time has proved that assessment accurate." "Prophet of Innovation is also the private story of a man rescued repeatedly by women who loved him and put his well-being above their own. Without them, he would likely have perished, so fierce were the conflicts between his reason and his emotions. Drawing on all of Schumpeter's writings, including many intimate diaries and letters never before used, this biography paints the full portrait of a magnetic figure who aspired to become the world's greatest economist, lover, and horseman - and admitted to failure only with the horses."--Jacket.
526 _a300-399
600 0 _a Schumpeter, Joseph Alois
_d1883-1950
650 0 _a Economists
_zUnited States
_vBiography.
650 0 _aCapitalism.
942 _2ddc
_cBK