Centre for Vocational Education Research LSE RSS Email Facebook Twitter

Abstract:

Blog
Rethinking Capitalism: The Power of Creative Destruction
Philippe Aghion and Isabelle Laporte
June 2021
Paper No' :


Tags: technological change; growth; creative destruction; innovation

Philippe Aghion and Isabelle Laporte explain how, with the proper safeguards, creative destruction - the process by which the new replaces the old - remains the way to greater economic growth and prosperity.