Joseph Schumpeter

Name: Joseph Schumpeter
SKU: INDESTLI

Thomas K. McCraw

Joseph Alois Schumpeter (1883–1950), described by John Kenneth Galbraith as the most sophisticated conservative of the twentieth century, was the prophet of innovation, the first economist to reason that nearly all businesses fail, victims of innovation by their competitors, and that “creative destruction” – that seemingly contradictory phrase which he popularized, is what really drives capitalism, a system that creates “prosperity far greater than the wreckage it leaves behind.”

Code: INDESTLI

Where to Buy Find in store

Publisher Santa & Cole

2013. English

23.5 x 16 cm | 9.165" x 6.24"

780 pages, 68 B/w ilustrations, Paperback

ISBN 978-84-936162-3-6

Thomas K. McCraw (1940-2012), a much-loved professor for thirty years at Harvard Business School (1976 – 2006), was the disciple, colleague and successor of Alfred D. Chandler at the head of the Isidor Straus Professor of Business History, and obtained the Pulitzer Prize for History in 1985. In 2009, the Business History Conference awarded him its most prestigious biannual award “for making business history more influential and accessible in broader fields of history and management”. This biography on Schumpeter, translated into seven languages, is perhaps his most widely-read work.