Nobel Prize Vindicates Economic Nationalism, Part II: Why China’s Theft Kills Innovation
In Monday’s Breitbart Business Digest, we examined how Joel Mokyr’s Nobel Prize-winning research shows that political fragmentation and sovereignty drive innovation. Today: Philippe Aghion and Peter Howitt’s theory of creative destruction —and why China’s systematic IP theft violates the core conditions their model requires for innovation to flourish.
Their groundbreaking 1992 model explains with mathematical precision how innovation creates self-perpetuating growth. But it also reveals a devastating vulnerability: the framework depends on innovators…
Read the full article at BREITBART.COM
