Creative destruction has the innate ability to impact the future of your business. Of the many things that can bring about the end of a business, few can be more lethal than stagnation — not changing ...

A trio of scientists Joel Mokyr, Peter Howitt, and Philippe Aghion has been awarded with the 2025 Nobel economics prize for their groundbreaking work on “creative destruction” theory. The prestigious ...

The 2025 Nobel Prize in Economics feels less like an intellectual honour and more like the next chapter in a continuing conversation about how economies grow. The combined message of Joel Mokyr ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Someone born in 1600 would find the world of 1800 quite familiar. But someone born in 1800 would find today’s ...

With the proper safeguards, creative destruction – the process by which the new replaces the old – remains the way to greater economic growth and prosperity. Let’s face it: Capitalism has a bad ...

Philippe Aghion, Professor at the Collège de France and LSE, offers a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. With the launch of his book, ...

I’m not sure if this is a classic bubble story. I keep coming back to Schumpeter and creative destruction to make sense of AI’s disruption. Some business models may be more fragile than we think, and ...