Those shaping America’s coal policy can learn something important about creative destruction, the process by which new technologies replace older ones through innovation, from the 2025 Nobel Prize ...

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 ...

In the late 1990s-early-2000s timeframe, the term “creative destruction” came into vogue, as digital-native businesses swept away cobwebs in their respective markets, spurring an ensuing wave of ...

The Nobel Prize in economics was awarded to a trio of researchers Monday for their work on how cycles of technological innovation feed economic growth. Joel Mokyr of Northwestern University, Peter ...

When drastic disruptions bring new political leaders, policymakers respond with major changes. We’re living in such a time, even if it’s not clear how much a pandemic, rampant inflation, international ...

Economic news was incongruous this past week as three economists got Nobel prizes for their research on factors that determine how well economies grow over the long term just as President Donald Trump ...

Prize showcases work on factors that underpin economic growth Winners are professors at U.S., French and British universities Aghion wants Europe to learn from U.S. and China Howitt questions Trump's ...

Policymakers shaping America's coal policy can learn something important from the 2025 economics Nobel Prize winners about creative destruction, the process by which new technologies replace older ...