Schumpeter revealed

Here is my review of Thomas McCraw’s new Schumpeter biography.  Excerpt:

Prophet of Innovation is so splendid because it succeeds on so
many different levels. If the book were simply an account of the
Harvard economics department, it would stand as a lasting and
significant contribution to the history of economic thought.
Alternatively, it is one of the best treatments of what it was like for
European intellectuals to migrate to the United States.  Or are you
interested in why Austria fell apart during the 1920s, and how someone
with as little real world experience as Schumpeter became Minister of
Finance?  The book is also a love story, and an account of how a
possibly dysfunctional man can nonetheless find romantic happiness
after repeated failures and tragedies.


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