Donald Trump’s destruction of the East Wing of the White House is more than just a serious renovation; it is a metaphor for his dismantling of traditional American governance and institutions. The ...

This year's Nobel Prize in Economics went to three economists who have studied "creative destruction." As contradictory as it sounds, this concept has dominated 20th century economics. Economics is ...

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 ...

The 2025 Nobel Prize in Economics went to three scholars – Joel Mokyr, Philippe Aghion and Peter Howitt. Their work explored an old idea with new relevance: creative destruction. Innovation and ...

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 ...

Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. Each year, the Royal Swedish Academy of Sciences awards the ...

No matter how much the world changed for most of human history, the realities of gut-wrenching poverty and subsistence farming remained the same. An average grandfather talking to his granddaughter ...

Joel Mokyr, Philippe Aghion, and Peter Howitt receive the Nobel Memorial Prize in economics for their work on innovation's role in economic growth and the concept of 'creative destruction.' Their ...

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 ...