EconTalk Thomas McCraw on Schumpeter, Innovation, and Creative Destruction
Oct 8, 2007
Thomas McCraw of Harvard University discusses Joseph Schumpeter's concept of creative destruction, innovation, and business strategy in economics. They explore Schumpeter's impact on Harvard Business School, his unique perspectives on capitalism and competition, and the evolution of economics teaching towards mathematical proficiency.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
Embracing Schumpeter's Diverse Legacy
02:13 • 5min
Unpacking Schumpeter's Business Strategy
07:19 • 4min
Exploring the Intellectual Depth and Unique Perspectives of a Prominent Figure
11:37 • 18min
Journey of a Maverick Economist
29:20 • 8min
Exploring Schumpeter's Relationship with Austrian Economics and Ideological Differences
36:53 • 3min
The Evolution of Invention and Innovation
40:16 • 23min
Evolution of Economics Teaching and the Importance of Mathematics in Economics
01:03:03 • 3min