McCraw Calls Schumpeter’s History of Economic Analysis “an Epic Analytical Narrative”

McCraw on Schumpeter’s History of Economic Analysis:

(p. 461) History of Economic Analysis succeeds where much economic writing or our own time fails, having sacrificed the messy humanity of its subject on the alter of mathematical rigor. Above all else, Schumpeter’s History is an epic analytical narrative. It is about real human beings, moored in their own time, struggling like characters in a a novel to resolve difficult problems. Sometimes the problems (p. 462) are purely intellectual. Sometimes they are issues of public policy. Often they are both. But what Schumpeter was trying to do—and in fact did—was answer the deceptively simple question he posed in the early pages of his book: to discover “how economists have come to reason as they do.”

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

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