Description: Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction--innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity.
To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today's most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.Brief description: Rich Miller has been a storyteller since he was a kid. When he was around ten, he turned the tables on the parents that had instilled a love of books in him: He started reading to his family after dinner every night (his favorites were The Lemonade Trick and The Big Joke Game, by Scott Corbett, but Encyclopedia Brown stories were a big hit as well). Later in life, he found out that people liked having stories acted out for them. He's performed onstage in everything from Shakespeare to Damn Yankees to August: Osage County, and starred in the indie feature Ocatilla Flat. And now he's acting out stories in front of a microphone. Except for when he's dodging Tucson drivers on his bicycle, or finding the next great Happy Hour locale.