Creative destruction has the innate ability to impact the future of your business. Of the many things that can bring about the end of a business, few can be more lethal than stagnation — not changing ...

In official statistics, manufacturing is the top contributor to U.S. productivity growth despite its shrinking share of employment. However, official numbers tend to understate growth among new ...

The National Center for Education Statistics reports that 99 postsecondary schools shut down this past academic year, roughly two per week. What the great economist Joseph Schumpeter called “creative ...

Kevin A. Hassett was a resident scholar at the American Enterprise Institute. In September 2017 he was confirmed as Chairman of the Council of Economic Advisers. In his landmark 1942 book, “Capitalism ...

I’m not sure if this is a classic bubble story. I keep coming back to Schumpeter and creative destruction to make sense of AI’s disruption. Some business models may be more fragile than we think, and ...