Rethinking Capitalism Post-Covid: The Power of Creative Destruction

The Ashoka University Economics Society promises to get you off the hook with our upcoming webinar on Rethinking Capitalism Post-Covid: The Power of Creative Destruction, a part of the ongoing series of webinars with the theme The Vision for a Post-Pandemic Economy.

Abstract:  Creative destruction involves the following contradiction: on the one hand innovation rents are needed to motivate innovation activity; on the other hand yesterday’s innovators are tempted to use their rents to prevent subsequent innovation . This talk will show how the paradigm of creative destruction:

1. Sheds light on growth enigma such as the industrial take-off, secular stagnation, the middle income trap, and the relationship between inequality and innovation
2. Provides new guidelines for rethinking the future of capitalism.

Professor Philippe Aghion is a Professor at College de France, at INSEAD. From 2015 to 2018, he served as Centennial Professor of Economics at the London School of Economics and has he been a visiting professor at Harvard University for two years(2018-2020) He is also the former President of the European and French Economic Associations. Professor Aghion has authored numerous books, the recent ones being "Growth Economics"(co-authored by U.Akcigit and P.Howitt) and "The Power of Creative Destruction". To boot, he has myriad honorable achievements and awards to his credit, including the  Sun Yefang Award (China's highest and most prestigious honors in the field of economics) and several honorary doctorates.

Professor Philippe Aghion's talk promises to keep you on the edge of your seats and we are eager to see you there!