A look at the evolution of the theory of creative destruction, widely regarded by economists as a defining feature of ...
Every October, the Nobel Committee honours people who help us understand the world better. This year’s Economics Prize went ...
Such a model of creative destruction predicts several negative effects taken in the aggregate. Firms could invest in ...
A Brown University professor emeritus has been awarded the Nobel Prize in Economic Sciences, making him the third Nobel ...
The other half goes jointly to Philippe Aghion, from Collège de France and INSEAD, Paris, and The London School of Economics and Political Science, UK; and Peter Howitt of Brown University, US, “for ...