Aghion, Philippe.

The power of creative destruction : economic upheaval and the wealth of nations / Philippe Aghion, Celine Antonin, Simon Bunel ; translated by Jodie Cohen-Tanugi. - Cambridge, Massachusetts : The Belknap Press of Harvard University Press, c2021. - viii, 389 p. : ill.

Translation of: Le Pouvoir de la destruction créatrice, c2020.

Includes bibliographical references and index.

A new paradigm -- The enigma of takeoffs -- Industrial revolutions: a blessing or a curse? -- Is competition a good thing? -- Innovation, inequality, and taxation -- The secular stagnation debate -- Convergence, divergence, and the middle-income trap -- Industrialization at all costs? -- Green innovation and sustainable growth -- Innovation: behind the scenes -- Creative destruction, health, and happiness -- Financing creative destruction -- How to manage globalization -- The emergence of the investor-state, then the insurer-state -- Creative destruction and the golden triangle -- Conclusion: The future of capitalism.

"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".

9780674971165 0674971167


Disruptive technologies.
Business cycles.
Income distribution.

HB501 / .A28 2021

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