Philippe Aghion is an expert in creative destruction. That's the term economists use when innovations disrupt whole industries and create new ones. Think steam engine, assembly line production and the IT revolution. Or now, artificial intelligence (AI).
For his groundbreaking research on how technological innovation can drive long-term economic growth, Aghion, who is French, was awarded the Nobel Prize for economics in 2025, together with Canadian Peter Howitt and Israeli-American Joel Mokyr.
Philippe Aghion, Nobel laureate in economics 2025 and professor at College de France, INSEAD and London School of EconomicsImage: A. Becker/DW
"More than ever, AI will bring creative destruction," Aghion told DW on the sidelines of this year's Brussels Economic Forum. "There will be job destruction. And there will be job creation. If you manage creative destruction the right way, it's an engine of social promotion."
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