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Philippe Aghion

Nobel Prize-winning economist on innovation and growth

'The Growth Engine: Innovation, Competition and Creative Destruction'

Philippe Aghion is one of the world’s leading economists on innovation and growth. In 2025, he was awarded the Nobel Prize in Economic Sciences for pioneering the theory of sustained growth through creative destruction, developed together with Peter Howitt.

A professor at the Collège de France and INSEAD and visiting professor at the London School of Economics, Philippe is also co-author of The Power of Creative Destruction. His work reveals how innovation, competition, and new entrants drive productivity and prosperity, and why economies must continually renew themselves to keep growing.

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Philippe Aghion
01. PIONEER OF CREATIVE DESTRUCTION
 

Together with Peter Howitt, Philippe developed the modern theory of growth through creative destruction: new innovations replace older technologies and businesses, continually reshaping economies and creating the foundations for sustained growth. Their breakthrough work was recognized with the 2025 Nobel Prize in Economic Sciences.

02. WORLD-LEADING THINKER ON INNOVATION & GROWTH

Philippe’s research has transformed how economists and policymakers understand the relationship between innovation, productivity, competition, and economic growth. His work provides a framework for understanding why some economies remain dynamic while others lose momentum.
03. COMPETITION AS AN ENGINE OF PROGRESS
 

Innovation does not happen in isolation. Philippe shows why healthy competition and the ability of new businesses to challenge established players are essential to long-term prosperity, and how policy can encourage innovation without protecting incumbents from disruption.

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What to learn from Philippe Aghion

'The Growth Engine: Innovation, Competition and Creative Destruction'


  • How innovation and creative destruction drive long-term economic growth.
  • Why competition and new challengers keep industries and economies innovative.
  • How leaders can embrace disruption to thrive through technological change.
Join Philippe Aghion Now