Creative Destruction vs. the New Industrial State: the "embedded" capitalism of Joseph Schumpeter and John Kenneth Galbraith.(book reviews)(Book review)

From: Reason | Date: October 1, 2007| Author: McCloskey, Deirdre N. | Copyright information

Prophet of Innovation: Joseph Schumpeter and Creative Destruction, by Thomas K. McCraw, Cambridge: Harvard University Press, 719 pages, $35

The New Industrial State, by John K. Galbraith, Princeton: Princeton University Press, 518 pages, $24.95

MOST OF us get our politics in our early 20s and then never change. Saul Bellow said of his youthful Trotskyism, "Like everyone else who invests in doctrines at a young age, I couldn't give them up." A young adult hates...

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