Episode 79: Philippe Aghion | The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations

Hosted by Greg LeBlanc.

While many on the left are calling for radical change and the fall of capitalism, Philippe Aghion says the answer is to create better capitalism by understanding and to harness the power of creative destruction.

That's the focus of his latest book, The Power Of Creative Destruction: Economic Upheaval And The Wealth Of Nations.

Philippe is a French economist who is a Professor at College de France, INSEAD, and the London School of Economics.

Listen as we dive into the theories behind The Power of Creative Destruction, different types of competition, legacy firms vs. small innovative firms, and the case of Korea in the 90s.