Horizontal Disruption: When Innovation Shifts Not Just Markets, but Values Between Entire Industries
In October 2025, the Nobel Prize in Economics honored work that fundamentally deepens our understanding of innovation and economic growth. The laureates – Philippe Aghion, Peter Howitt, and Joel Mokyr – extend Joseph Schumpeter’s concept of “creative destruction,” first formulated in 1942. Schumpeter recognized that innovation is not a gentle addition o…
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