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Creative Destruction
Drawing on 13 years of research, the authors show that, over time, long-established companies, instead of maintaining excellence, always under perform the market. Proposing a radical new business paradigm, they argue that instead of focusing on continuity, companies must focus on discontinuity--constantly destroying and recreating themselves to remain competitive and thrive long-term.
The Economics of Creative Destruction
A stellar cast of economists examines the roles of creative destruction in addressing today’s most important political and social questions. Inequality is rising, growth is stagnant while rents accumulate, the environment is suffering, and the COVID-19 pandemic exposed every crack in the systems of global capitalism. How can we restart growth? Can our societies be made fairer? Editors Ufuk Akcigit and John Van Reenen assemble a world-leading group of social scientists and theorists to consider these questions and, in particular, how ideas about the economics of creative destruction may help solve the problems we face. Most closely associated with Joseph Schumpeter, formalized by Philippe A...
The Power of Creative Destruction
Hayek Book Prize Finalist An Economist Best Book of the Year A Foreign Affairs Best Book of the Year From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that dis...
The Power of Creative Destruction
Hayek Book Prize Finalist An Economist Best Book of the Year A Foreign Affairs Best Book of the Year From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that dis...
Creative Destruction and the Sharing Economy
While creative destruction and disruptive innovation change the entrepreneurial landscape; regulation - especially regulation of sectorial markets and competition regulation - can delay this change or even bring it to a halt. Uber plays an active role between these two forces: first as an agent of creative destruction and then possibly in championing regulation on its own terms. Grounded in a particular understanding of the economic concept of the market as a series of processes, this book explores the implications of creative destruction, competition regulation and the role that businesses play. Instead of discussing these relations in a purely abstract manner, this book uses Uber as a case study.
Creative Destruction
This research review charts the development of scholarly research into the theory of creative destruction, first posited by Joseph Schumpeter in the first half of the twentieth century. The editors identify seminal works discussing creative destruction and its effects at both a macro- and micro- economic level. Beginning with key writings of Schumpeter, the papers cover research into enterprise and innovation, the evolutionary market process, the empirics of creative destruction, finance and the consequences of creative destruction for growth, development and economic welfare.
Creative Destruction
A Frenchman rents a Hollywood movie. A Thai schoolgirl mimics Madonna. Saddam Hussein chooses Frank Sinatra's "My Way" as the theme song for his fifty-fourth birthday. It is a commonplace that globalization is subverting local culture. But is it helping as much as it hurts? In this strikingly original treatment of a fiercely debated issue, Tyler Cowen makes a bold new case for a more sympathetic understanding of cross-cultural trade. Creative Destruction brings not stale suppositions but an economist's eye to bear on an age-old question: Are market exchange and aesthetic quality friends or foes? On the whole, argues Cowen in clear and vigorous prose, they are friends. Cultural "destruction" ...
Creative Destruction
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Times of Creative Destruction
Times of Creative Destruction is about the years that followed the end of WWII, one of the most seminal and dramatic epochs in human history, during which extraordinary star-buildings were born, cities exploded, and an unprecedented world of a ‘Third Ecology’ emerged. Never before was there such a flurry of daring mega-constructions, such daring spatial acrobatics, ‘star’ buildings by star architects attained by star developers, mega-constructions, technological feats, and flourishing spatial acrobatics. But, for all its exhilarating creativity, this was also an era of unanticipated, intractable, irreversible destruction reducing the uniqueness and diversity of cultural, social and e...
Creative Destruction
What has caused the leading economies of the Western world to stagnate, and what can be done to extricate them from this prolonged economic slump? Much has been written in answer to these two vital questions, but as economist Phil Mullan argues, the conventional answers have gotten both cause and solution all wrong. Tackling both the decay and the resilience of the major Western economies over the past four decades, Creative Destruction shows that a new industrial and technological revolution coupled with economic restructuring are required to escape from economic atrophy. Bringing to bear years of experience working in senior management positions within global companies, Mullan offers an innovative new perspective on political economy that brings the economic crisis back to basics: how did the West lose its economic dynamism, and how can it be regained?
