Concerning Langlois's long review of McCraw on Schumpeter, I suggest that "creative destruction" is just a new name for obsolescence, and does not warrant all the fuss it gets. Schumpeter was a deep and wise writer on several topics, but renaming obsolescence does not strike me as a great achievement, except as successful phrase-making. Perhaps others will chime in and improve my mind on this subject. Mason Gaffney