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 ...

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 ...

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 ...

Forbes contributors publish independent expert analyses and insights. I apply economic insights to improve regulations and their effects. Joseph Schumpeter is having a heyday. In 1942, he coined the ...

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 ...

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 ...