“Schumpeter Has Courage”

McCraw quoting the diary of Schumpeter’s former professor, Friedrich von Wieser:

(p. 101) “He is not misled by prevalent sentiment,” the professor wrote in his diary. “Schumpeter has courage, an asset which cannot be over-praised.”

McCraw, Thomas K. Prophet of Innovation: Joseph Schumpeter and Creative Destruction. Cambridge, Mass.: Belknap Press, 2007.

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