Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...

As bonds left untied make us reflect on the places where we never went, this chapter offers an economic, historical and political meditation on a bond between Portugal and Rothschild that was not tied. By discussing what was not and what might have been, the story offers ways to reflect on what...