Nobel Laureate Aghion's Lecture: Creative Destruction and the AI Revolution

avicgoldfarb · x · 2026-08-09

Nobel Laureate Philippe Aghion has published his Nobel lecture video and paper titled The Economics of Creative Destruction.

The lecture explores how creative destruction theory explains current economic phenomena, including secular stagnation, firm dynamics, and the middle-income trap, with a specific focus on AI as the next General Purpose Technology (GPT) revolution.

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