Creative Destruction & the 2025 Nobel Prize in Economics Explained
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Creative Destruction & the 2025 Nobel Prize in Economics Explained
🚀 Creative Destruction — Explained in 60 Seconds How does innovation fuel economic growth… while destroying the old to make way for the new? This video breaks down Joseph Schumpeter’s iconic concept of “creative destruction” — and connects it to the 2025 Nobel Prize in Economics, awarded to Joel Mokyr, Philippe Aghion, and Peter ...
628 views1 month ago
Creative destruction Economic Growth
#VantageOnFirstpost: Every October, the Nobel Committee honours people who help us understand the world better. This year’s Economics Prize went to Joel Mokyr, Philippe Aghion, and Peter Howitt — for explaining how innovation and creative destruction power economic growth. From Shiva’s Tandav to the fall of Nokia and the rise of AI, it’s the same story: the old must fall for the new to rise. So, what exactly is creative destruction? Palki Sharma tells you. | Firstpost
#VantageOnFirstpost: Every October, the Nobel Committee honours people who help us understand the world better. This year’s Economics Prize went to Joel Mokyr, Philippe Aghion, and Peter Howitt — for explaining how innovation and creative destruction power economic growth. From Shiva’s Tandav to the fall of Nokia and the rise of AI, it’s the same story: the old must fall for the new to rise. So, what exactly is creative destruction? Palki Sharma tells you. | Firstpost
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