Harnessing Creative Destruction with Philippe Aghion | The We Society S10 Ep8

We end Season 10 with an intimate interview between the Nobel Prize winning economist Philippe Aghion and Will Hutton. They delve into the concept of "creative destruction," a term coined by economist Joseph Schumpeter, which highlights the dual nature of innovation in driving economic growth while simultaneously rendering older methods and certain industries and jobs obsolete. Aghion believes that for an economy to thrive creative destruction is key. They talk about certain countries such as Finland where creative destruction is allowed and supported to thrive by the Government. Aghion is Professor of Economics at the LSE. In the We Society, join acclaimed journalist and Academy president Will Hutton, as he invites guests from the world of social science to explore the stories behind the news and hear their solutions to society’s most pressing problems. The We Society podcast is brought to you by the Academy of Social Sciences in association with the Nuffield Foundation and the Leverhulme Trust. Don’t want to miss an episode? Listen and follow the show on your favourite podcast platform: https://podfollow.com/the-we-society/... You can find out about the Academy of Social Sciences and our activities at: www.acss.org.uk The views expressed in this video are those of the speaker and do not necessarily reflect the views of the Academy.