Thomas Kincaid McCraw was an American business historian whose work delved deeply into the pivotal figures and events shaping the American commercial landscape. He was known for his meticulous research and his ability to bring the past to life through compelling narratives. McCraw's analyses offered unique insights into the evolution and impact of enterprise throughout modern history. His scholarship provided a vital lens through which to understand the forces driving business and innovation.
Drawing on Joseph A Schumpeter's writings, including many intimate diaries and letters, this biography paints the portrait of this magnetic figure who aspired to become one of the world's greatest economist, lover, and horseman - and admitted to failure only with the horses.
Capitalism, Socialism and Democracy remains one of the greatest works of social theory written in the twentieth Century. Schumpeter's contention that the seeds of capitalism's decline were internal, and his equal and opposite hostility to centralist socialism have perplexed, engaged and infuriated readers since the book's first publication in 1943. By refusing to become an advocate for either position, Schumpeter was able both to make his own great and original contribution and to clear the way for a more balanced consideration of the most important social movements of his and our time.