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Creative Destruction: Why Innovation is Crucial for Growth

Creative Destruction: Why Innovation is Crucial for Growth

Update: 2024-08-20

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The primary contributor to long-run growth is productivity: A country’s ability to raise residents’ standards of living depends on its ability to boost workers’ output. In this episode of The Pie, Ufuk Akcigit, The Arnold C. Harberger Professor in Economics and the College, describes his research on growth through technological progress.

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Creative Destruction: Why Innovation is Crucial for Growth

Creative Destruction: Why Innovation is Crucial for Growth

Becker Friedman Institute at UChicago