Schumpeter argued capitalism is never stationary and ever-evolving. ‘This process of Creative Destruction is the essential fact about capitalism.’ From the dominance of wagon carriages in the late ...

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 ...

What is the defining characteristic of capitalism? Some say profit. Others, private ownership. Still others, rapacity. Considering that capitalism may have begun as early as the 16 th century, in ...

In the late 1990s-early-2000s timeframe, the term “creative destruction” came into vogue, as digital-native businesses swept away cobwebs in their respective markets, spurring an ensuing wave of ...

THIS year’s Nobel Prize in Economics was awarded to Philippe Aghion, Peter Howitt, and Joel Mokyr for reshaping how we understand economic growth in the long run. Their core idea is simple but ...

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 ...

Jim Scapa is the founder and CEO Altair. Altair CEO Jim Scapa believes creative destruction within his company has been a key to its success. courtesy of altair Technologies, markets, and strategies ...