Philippe Aghion
Born
in Paris, France
August 17, 1956
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The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
by
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published
2021
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18 editions
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The Economics of Growth
by
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published
2008
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12 editions
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Repenser l'Etat
by
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published
2011
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4 editions
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Changer de modèle
by
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published
2014
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5 editions
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Competition And Growth: Reconciling Theory And Evidence (ZEUTHEN LECTURE BOOK SERIES)
by
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published
2005
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7 editions
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Volatility and Growth (Clarendon Lectures in Economics)
by
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published
2005
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4 editions
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Handbook of Economic Growth
by
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published
2005
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10 editions
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Endogenous Growth Theory
by
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published
1997
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11 editions
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Repenser la croissance (Collège de France)
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Growth, Inequality, and Globalization: Theory, History, and Policy
by
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published
1999
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5 editions
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“It may seem paradoxical that innovation should increase both the share of income of the richest 1 percent (top income inequality) and social mobility. Yet the comparison among different American states suggests that this is indeed the case. For example, if we compare California, currently among the most innovative states in the United States, with Alabama, which is among the least innovative, we find that the share of the state’s total income that goes to the top 1 percent is significantly higher in California than in Alabama. At the same time, social mobility is substantially higher in California than in Alabama.”
― The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
― The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
“The preferred measure of the wealth of nations is per capita gross domestic product (per capita GDP). Why should we focus on this dry statistic rather than on more literal measures, such as indexes of well-being, consumption, or happiness?”
― The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
― The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
“The United States incarnates a more cutthroat form of capitalism, while the Scandinavian countries, and to a lesser extent Germany, are the representatives of a more cuddly capitalism. According to this view, insofar as innovation at the technological frontier relies on strong monetary incentives, the countries that aim for frontier innovation should forgo the goals of insurance and equality: in other words, they should renounce “cuddly capitalism” in favor of a “cutthroat” form of capitalism. As for the countries who choose cuddly capitalism, they would have no alternative but growth by imitation of technologies invented by the frontier countries. The “cuddly” countries provide their citizens with greater equality and insurance, but their growth depends ultimately on the growth of the “cutthroat” countries, which, one might say, work for the benefit of the rest of the world.”
― The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
― The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
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