Rethinking capitalism: the power of creative destruction

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.

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Philippe Aghion and Isabelle Laporte

14 June 2021

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Knowledge

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https://knowledge.insead.edu/economics-finance/rethinking-capitalism-the-power-of-creative-destruction-16821

This work is published under POID and the CEP's Growth programme.

This publication comes under the following CEP theme: R&D and innovation, Clean growth