The first to see the world was flat.

From: The Baltimore Sun (Baltimore, MD) | Date: April 22, 2007 | Copyright information

Byline: Jay Hancock

Apr. 22--ReviewEconomics >>>Prophet of Innovation Joseph Schumpeter and Creative Destruction By Thomas K. McCraw

Belknap Press / 736 pages / $35 Wade into almost any important debate about the 21st-century global economy and Joseph Schumpeter has already been there, defining the terms, coining the catchwords, predicting the outcomes. Funny, he died 57 years ago. Many know that Schumpeter originated the poetically paradoxical term that describes today's U.S. economy: "creative destruction." The native-Austrian economist also foresaw ...

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