The Economics of Creative Destruction
New Research on Themes from Aghion and Howitt
A stellar cast of economists examines the roles of creative destruction in addressing today’s most important political and social questions.
Inequality is rising, growth is stagnant while rents accumulate, the environment is suffering, and the Covid-19 pandemic exposed every crack in the systems of global capitalism. How can we restart growth? Can our societies be made fairer? Editors Ufuk Akcigit and John Van Reenen assemble a world-leading group of social scientists and theorists to consider these questions and, in particular, how ideas about the economics of creative destruction may help solve the problems we face.
The cutting-edge work in The Economics of Creative Destruction focuses on innovation and growth. Contributors offer illuminating insights into monopoly and inequality, the nature of the social safety net, climate change, and the ups and downs of regulation. Collectively, they suggest that governance has a role to play in capitalism, maximising its benefits and minimising its risks.
Ufuk Akcigit and John Van Reenen
22 August 2023
Harvard University Press
This Book is published under the centre's Growth programme.