James Pethokoukis over at U.S. News & World Report has dubbed Thomas K. McCraw's Prophet of Innovation: Joseph Schumpeter and Creative Destruction one of his four favorite economics books of 2007. Here's what Pethokoukis had to say about McCraw's magisterial biography:
Who was the greatest economist of the 20th century, Joseph Schumpeter or Milton Friedman? I don't have to choose, so I won't. But this compelling biography of the man who created the intellectual framework for understanding the critical role that entrepreneurship and innovation play in economic growth certainly makes the case that Schumpeter deserves to be as well known to the general public as Friedman is.