The Power of Creative Destruction (Paperback)

Philippe Aghion

ISBN 10: 067429209X / ISBN 13: 9780674292093

Published by Harvard University Press, Cambridge, Mass, 2023

About this Item

Paperback. Hayek Book Prize FinalistAn Economist Best Book of the YearA Foreign Affairs Best Book of the YearA Financial Times Summer Reading Favorite"Sweeping, authoritative and-for the times-strikingly upbeat The overall argument is compelling and it carries a trace of Schumpeterian subversion."-The Economist"[An] important book Lucid, empirically grounded, wide-ranging, and well-argued."-Martin Wolf, Financial Times"Offers much needed insight into the sources of economic growth and the kinds of policies that will promote it All in Washington would do well to read this volume carefully."-Milton Ezrati, ForbesInequality is on the rise, growth stagnant, the environment in crisis. Covid seems to have exposed every crack in the system. We hear calls for radical change, but the answer is not to junk our economic system but to create a better form of capitalism.An ambitious reappraisal of the foundations of economic success that shows a fair and prosperous future is ours to make, The Power of Creative Destruction draws on cutting-edge theory and hard evidence to examine today's most fundamental economic questions: what powers growth, competition, globalization, and middle-income traps; the roots of inequality and climate change; the impact of technology; and how to recover from economic shocks. We owe our modern standard of living to innovations enabled by free-market capitalism, it argues, but we also need state intervention-with checks and balances-to foster economic creativity, manage social disruption, and ensure that yesterday's superstar innovators don't pull the ladder up after them. The solution to inequality, environmental degradation, and other deficits of capitalism is better capitalism. The Power of Creative Destruction draws on cutting-edge research to argue that what we need today is not revolution but reform: pro-competitive policies that enable innovation while compensating for the disruption it causes. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9780674292093

Bibliographic Details

• Title: The Power of Creative Destruction (Paperback)
• Publisher: Harvard University Press, Cambridge, Mass
• Publication Date: 2023
• Language: English
• ISBN 10: 067429209X
• ISBN 13: 9780674292093
• Binding: Paperback
• Condition: new

About this title

Synopsis

Hayek Book Prize Finalist
An Economist Best Book of the Year
A Foreign Affairs Best Book of the Year
A Financial Times Summer Reading Favorite

“Sweeping, authoritative and―for the times―strikingly upbeat…The overall argument is compelling and…it carries a trace of Schumpeterian subversion.”
―The Economist

“[An] important book…Lucid, empirically grounded, wide-ranging, and well-argued.”
―Martin Wolf, Financial Times

“Offers…much needed insight into the sources of economic growth and the kinds of policies that will promote it…All in Washington would do well to read this volume carefully.”
―Milton Ezrati, Forbes

Inequality is on the rise, growth stagnant, the environment in crisis. Covid seems to have exposed every crack in the system. We hear calls for radical change, but the answer is not to junk our economic system but to create a better form of capitalism.

An ambitious reappraisal of the foundations of economic success that shows a fair and prosperous future is ours to make, The Power of Creative Destruction draws on cutting-edge theory and hard evidence to examine today’s most fundamental economic questions: what powers growth, competition, globalization, and middle-income traps; the roots of inequality and climate change; the impact of technology; and how to recover from economic shocks. We owe our modern standard of living to innovations enabled by free-market capitalism, it argues, but we also need state intervention―with checks and balances―to foster economic creativity, manage social disruption, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them.

About the Authors

Winner of the Nobel Prize in Economic Sciences, Philippe Aghion is Professor at the Collège de France, INSEAD, and the London School of Economics and was previously Professor of Economics at Harvard. He is coauthor, with Peter Howitt, of Endogenous Growth Theory and The Economics of Growth.

Céline Antonin is Senior Researcher at OFCE, the French Economic Observatory at Sciences Po in Paris, and Research Associate in the Innovation Lab at the Collège de France.

Simon Bunel is Senior Economist at INSEE, the French National Institute of Statistics and Economic Studies, and at the Bank of France. He is also Research Associate in the Innovation Lab at the Collège de France.