The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations

Economy, Policies

The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations

More than 60 years ago, research by the economist Robert Solow highlighted the importance of innovation for growth but shed little light on how to generate that innovation. Aghion, Antonin, and Bunel, who are responsible for much subsequent research in this area, argue that fostering innovation is all about balance. Innovation thrives with competition, but too much competition will preemptively diminish the rewards of new technologies, businesses, and ideas. International competition can stimulate innovation and efficiency, but too much risks provoking a backlash against globalization. Successfully navigating the supply chain disruptions created by COVID-19 requires strong political leaders to implement smart policies, but not leaders so strong that they can suppress organizational innovations that will disfavor them or their allies. The authors explain these dynamics and more in an eminently accessible fashion.

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The Secret History of Home Economics: How Trailblazing Women Harnessed the Power of Home and Changed the Way We Live

Family, Policies

The Secret History of Home Economics: How Trailblazing Women Harnessed the Power of Home and Changed the Way We Live

The term “home economics” conjures up images of instruction in cooking and sewing for generations of female secondary school students. In her account of the subject’s nineteenth- and twentieth-century history, Dreilinger shows that home economics has always involved much more.

It was a way for female educators, in secondary schools but also in universities and other advanced settings, to develop and apply their skills in an era when many academic disciplines were closed to women. It allowed those educators to redefine, sometimes in strikingly progressive ways, women’s roles in society and the economy, modernizing contemporary perceptions of women as producers and consumers.

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