Amid a flood of AI news Monday, Anthropic board member Reed Hastings expressed his view that artificial intelligence will ...
Competitive advantage is becoming less durable as intangible assets, digital platforms, and artificial intelligence increase ...
Artificial intelligence is putting the creative professions through a round of creative destruction. Generative tools such as ChatGPT, Midjourney, and Sora have handed millions of amateurs the means ...
Creative destruction in its laissez faire formulation stands for the proposition that government intervention in markets is not necessary because no monopoly position lasts forever. A monopoly ...
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 ...
This book review is a web exclusive for the Spring 2025 issue of The Independent Review. As the world enters what will surely prove to be the Age of AI, understanding what the economist Joseph ...
With the right institutions, creative destruction can generate not only faster growth, but sustained and inclusive growth. That is the promise — and the policy challenge — of the AI revolution. The ...
During a speech at Emory, Nobel laureate economist Peter Howitt (left) urged audiences not to panic about artificial intelligence, framing AI through historical “creative destruction” that disrupts ...
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