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Article: Triumph of the new.(books, arts & manners)(Prophet of Innovation: Joseph Schumpeter and Creative Destruction)(Book review)
- Article from:
- National Review
- Article date:
- July 9, 2007
- Author:
CopyrightCOPYRIGHT 2007 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prophet of Innovation: Joseph Schumpeter and Creative Destruction, by Thomas K. McCraw (Belknap, 736 pp., $35)
EVERY few years, public interest in innovation and entrepreneurship undergoes something of a revival. We're in one of those periods.
Business pages brim with news of entrepreneurial returns to private equity firms and innovative financial engineering at hedge funds. A new wave of Internet start-ups, such as YouTube and MySpace, reminds the public that entrepreneurs keep creating the "new new thing" that can augment or transform existing business models. A bull market for stocks is renewing interest in financial news and information. George ...