Prof. Langlois gives endowed lecture at Union College

On October 1, 2009, Professor Richard Langlois spoke at Union College in Schenectady, New York, on the topic: “Creative Destruction: The Work of Joseph Schumpeter in his Day and Ours.” Jointly sponsored by the Engineering program and the Department of Economics at Union, the talk was supported by a donation from a college alumnus who wanted students and faculty to become more familiar with the work of Schumpeter, a Vienna-trained Harvard economist of the early twentieth century who stressed the importance of entrepreneurship and innovation in economic growth and insisted on the dynamic and often unstable nature of capitalism. As recently noted in this blog, Professor Langlois is the author of a 2007 book on the work of Schumpeter.