No doubt Joseph Schumpeter would be a little surprised, if he returned from the dead, to discover the posterity of his name thanks to his theory of "creative destruction".
The formula is entering a very short list of the most cited economic concepts in the world, just after “the invisible hand” and “the welfare state”, but ahead of “comparative advantages” and “the relaunch by Requirement".
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Industry: the creative destruction of Schumpeter opposes Le Maire and Macron
Why such a late posthumous glory?
In the 1990s, Philippe Aghion and Peter Howitt gave this oxymoronic expression a second life by placing it at the heart of their new theory of growth.
“I had never really read Schumpeter, whose name was an anecdote in economics classes, and I never tried to read it afterwards, but we borrowed this idea which seemed promising to us and we systematized and empirically supported ”,
tells us the author, who grew up in a family close to the Communist Party, but who
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