Rediscovering Schumpeter: The Power of Capitalism

Economist Joseph Schumpeter was perhaps the most powerful thinker ever on innovation,
entrepreneurship, and capitalism. He was also one of the most unusual personalities of the
20th century, as Harvard Business School professor emeritus Thomas K. McCraw shows
in a new biography. Read our interview and book excerpt. Key concepts include:
• Schumpeter's ideas on capitalism, entrepreneurship, and innovation still have great resonance to students and businesspeople today.