The Power of Creative Destruction

By Philippe Aghion, Celine Antonin, Simon Bunel , Jodie Cohen-Tanugi (translator)

Book cover of The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations

Book description

Hayek Book Prize Finalist
An Economist Best Book of the Year
A Foreign Affairs Best Book of the Year
A Financial Times Summer Reading Favorite

"Sweeping, authoritative and-for the times-strikingly upbeat...The overall argument is compelling and...it carries a trace of Schumpeterian subversion."
-The Economist

"[An] important book...Lucid, empirically grounded, wide-ranging,…

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Why read it?

1 author picked The Power of Creative Destruction as one of their favorite books. Why do they recommend it?

Philippe Aghion has been one of the pioneers in the development of “Schumpeterian Growth Theory” to model the process of Creative Destruction” that drives technological innovation and economic growth. This is an accessible presentation of the dynamics of the model and the observable consequences in the real world.  

I have found it essential for teaching my course on Venture Capital and the Economics of Innovation.

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