| Creative Destruction: The Words of the Prophet
Thomas K. McCraw is the Isidor Straus Professor of Business History, Emeritus at Harvard Business School. His book Prophets of Regulation: Charles Francis Adams, Luis D. Brandeis, James M. Landis, Alfred E. Kahn won both the Pulitzer Prize for history and the Thomas Newcomen Award, which is given for the best book on the history of business published over a three-year period. McCraw is the author of a remarkable new book, Prophet of Innovation: Joseph Schumpeter and Creative Destruction. McCraw recently spoke with TCS editor Nick Schulz about Schumpeter's life and work. Nick Schulz: Thomas McCraw, thanks for joining us today. In your book you write that "Schumpeter believed that the world could fully benefit from capitalism only if people understood how it works." Did he overstate the case here? For example, people benefit from all sorts of technologies without understanding how they work.
Assemblies hope for long-term credit markets
Vice President Alhaji Aliu Mahama has expressed concern about the inability of the country's local government entities to have direct access to long-term credit markets.
He therefore suggested the need for considerable efforts to develop the financial infrastructure necessary to bring these entities to the market place.
Vice President Mahama expressed these views when he inaugurated a 16-member Steering Committee of the Municipal Finance and Management Initiative in Accra.
The Committee which is co-chaired by Mr Abraham Odoom, Deputy Minister of Local Government, Rural Development and Environment and Professor George Gyan Baffour, Deputy Minister of Finance and Economic Planning is aimed at improving local governments access to credit for accelerated provision of public services and economic development and reduce risk and lower costs of borrowing.
Kenya: Amazing World of On-Line Fraudsters Preying On the Gullible ...
It is amazing that some people get excited on news that they have won a big lottery even though they do not remember participating in it in the first place. They will never stop to ask why a stranger has singled them out as potential partners in some lucrative business venture. Technology, by way of SMS and email, has made it easier for fraudsters to entice thousands of people to bogus financial schemes that look juicy but whose intention is always to con them out of some money. .
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