Prophet of Innovation: Joseph Schumpeter and Creative Destruction

In this biography, Pulitzer Prize winner McCraw neatly divides his emphasis between Schumpeter’s professional and personal life. He portrays his subject as a somewhat self-absorbed insatiable scholar not entirely comfortable with his contemporaries, which might explain marriages and affairs with much older and younger women, as well as his affinity with students and often-strained relations with colleagues of his own generation. McGraw lucidly addresses Schumpeter’s … [ Read more ]

Mapping the Entrepreneurial Psyche

What leads a person to start a company? “The impulse…to prove oneself superior to others.”

Editor’s Note: a look at the life and work of economist Joseph A. Schumpeter

Prophets of Regulation: Charles Francis Adams, Louis D. Brandeis, James M. Landis and Alfred E. Kahn

The first railroad czar, the first trade regulator, the first Wall Street watchdog, the economist who shook up the airlines in the ‘70s-these are McCraw’s titular prophets, the guys who mastered the art of keeping business in check. McCraw tells their engaging stories-like that of James Landis, father of the SEC, dean of Harvard Law School, alcoholic, tax evader, reported suicide-covering 100 years of U.S. … [ Read more ]