Pathologies of creative destruction? Its dysfunctions from the history of economic theory and social thought, and contemporary empirical economics | Synapse
March 3, 2026
Pathologies of creative destruction? Its dysfunctions from the history of economic theory and social thought, and contemporary empirical economics
Key Points
Creative destruction has notable dysfunctions that can hinder economic progress and social stability.
Empirical analysis highlights key historical examples where dysfunctions impacted economic theory and social thought.
The assessment utilizes a historical context to delineate the complexities of economic evolution and social change.
Implications for understanding contemporary economics call for a reevaluation of creative destruction's role, indicating potential risks.