Schumpeter Learned from His Failures

McCraw (2007, p. 112) quotes from Schumpeter’s diary:

Really, I don’t quite regret any of my efforts and failures—every one of them taught me something about myself and life that uniform success would have hidden.

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

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