To support innovation as the lifeblood of progress and the engine of growth, institutions must be designed to accommodate ...

The Internet, built on open source, may well hasten the creation and demise of tech start-ups, but companies focused on long-term customer value will thrive. Matt Asay is a veteran technology ...

Peter Howitt, Aghion’s long-time collaborator, gave this framework mathematical precision in their landmark 1992 paper A Model of Growth through Creative Destruction. They showed that firms’ pursuit ...

Making destruction productive means ensuring that what collapses – monopolies, opaque subsidies, politicised banks – is replaced by something stronger ...

STOCKHOLM -- Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and ...

Creative destruction has the innate ability to impact the future of your business. Of the many things that can bring about the end of a business, few can be more lethal than stagnation — not changing ...

What is the defining characteristic of capitalism? Some say profit. Others, private ownership. Still others, rapacity. Considering that capitalism may have begun as early as the 16 th century, in ...

Nobel lessons for academia: growth, like learning, is not inherited but renewed. Every generation must rediscover how to ...

This year’s Nobel Prize for Economics, which was given to three people who studied innovation and creative destruction, may well have some implications for the understanding of our economy. We appear ...

When drastic disruptions bring new political leaders, policymakers respond with major changes. We’re living in such a time, even if it’s not clear how much a pandemic, rampant inflation, international ...

When drastic disruptions bring new political leaders, policymakers respond with major changes. We’re living in such a time, even if it’s not clear how much a pandemic, rampant inflation, international ...