Creative Destruction: Why Innovation is Crucial for Growth

The Pie: An Economics Podcast
20/08/2024 25 min
Creative Destruction: Why Innovation is Crucial for Growth

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Episode Synopsis

The primary contributor to long-run growth is productivity: A country’s ability to raise residents’ standards of living depends on its ability to boost workers’ output. In this episode of The Pie, Ufuk Akcigit, The Arnold C. Harberger Professor in Economics and the College, describes his research on growth through technological progress.

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