Peter Howitt: «More than creative destruction, with the covid there is simply destruction»

• Award. BBVA Foundation recognizes Philippe Aghion and Peter Howitt for developing a theory of growth based on innovation

• Interview.Philippe Aghion: "We have to rethink what we import from China. We went too far"

If there is any economic concept that can compete with the

of

, it is the

of

Formulated in the 1940s, creative destruction is based on the idea that the economy is something in constant transformation: industries or management methods appear and annihilate their less efficient predecessors.

It is, as Schumpeter wrote in 1942, "a storm" that "continually revolutionizes the economic structure from within, destroys

To continue reading, go Premium

Are you already Premium?

Log in

Monthly

€ 1

first month

and then € 7.99

I want it

Annual

4 months free

€ 59

Free 1 year of Standard Legálitas (valued at € 240)

I want it

Discover what is Premium

Cancel whenever you want

Check the terms and conditions of the service

According to the criteria of The Trust Project

Know more