Rethinking economic growth.

Summary The back cover states: "In this inaugural lesson, Philippe Aghion recounts the experience of developing a new theory - Schumpeterian - of economic growth: a theory of growth through innovation and creative destruction, which constantly brings modeling into dialogue with empirical analysis, and which places the firm at the heart of the development process. This lesson addresses some of the enigmas of growth: the role of competition and industrial policy . the "Argentine paradox" and the traps of underdevelopment . the relationship between innovation, inequality and social mobility . and the apparent secular stagnation of developed economies."