Cover: The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations, from Harvard University PressCover: The Power of Creative Destruction in HARDCOVER

The Power of Creative Destruction

Economic Upheaval and the Wealth of Nations

Add to Cart

Product Details

HARDCOVER

$35.00 • £28.95 • €31.50

ISBN 9780674971165

Publication Date: 04/20/2021

Trade

400 pages

6-1/8 x 9-1/4 inches

166 illus., 11 tables

Belknap Press

World

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 disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity.

To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.

Recent News

Black lives matter. Black voices matter. A statement from HUP »

From Our Blog

Photograph of Lessons from Plants, by Beronda L. Montgomery, from Harvard University Press, placed on sunny table next to leafy green potted plant and desk organizer

What Have We Learned from Plants?

For Beronda L. Montgomery, the author of Lessons from Plants, the undisturbed growth of plants has been a reminder that life moves along, even in the most difficult times. In her new book, Montgomery shows how plant behavior and adaptation can offer valuable insights for human thriving. Her recent article in Elle on how plants have been a beacon of hope for her and many others during the pandemic inspired us at Harvard University Press to think about how plants have also helped us during this past year of working from home