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Prophet of Innovation: Joseph Schumpeter and Creative Destruction

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The destruction of businesses, fortunes, products, and careers is the price of progress toward a better material life. No one understood this economic principle better than Joseph A. Schumpeter, who made his mark as the prophet of incessant change. 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. Hide synopsis

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