"Leading social scientists explore pressing issues-monopoly and inequality, growth and innovation, climate change and fraying social safety nets-through the lens of creative destruction. Far more than a theory of capitalist dynamics, creative destruction proves an important idea for illuminating...

We introduce imperfect creditor protection in a multi-country version of Schumpeterian growth theory with technology transfer. The theory predicts that the growth rate of any country with more than some critical level of financial development will converge to the growth rate of the world...

This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting process or industrial innovations. This has both...