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Thomas McCraw on Schumpeter, Innovation, and Creative Destruction

EconTalk

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Journey of a Maverick Economist

Exploring the life experiences and profound impact of a notable economist who defied conventions through extensive travels and outsider status, shaping their insights on capitalism, socialism, and democracy. Contrasting with other economists like Keynes, the chapter highlights the enduring influence of their work and reflects on their defense of capitalism as a dynamic system in a changing world.

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