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Archive of entries posted on 2nd January 2020

Creative destruction for our banks? The best book I’ve read recently.

I found this messing around MIT archives: Creative destruction refers to the incessant product and process innovation mechanism by which new production units replace outdated ones. This restructuring process permeates major aspects of macroeconomic performance, not only long-run growth but also economic fluctuations, structural adjustment and the functioning of factor markets.  Over the long run, […]