Creative destruction Quote by Daron Acemoğlu
““There could be some economic growth without innovation, relying on existing technology, but it was growth without creative destruction. And it did not last.””
About This Quote
Source Book: Introduction to Modern Economic Growth, 2009
Growth without new ideas is temporary and unsustainable; innovation drives lasting progress.
In simple terms: Innovation is needed for lasting growth.
Invest in creative disruption.
Themes
Mood
Type
When to use this quote
- business strategy
- government policy
- R&D investment
Key Concepts
Questions to Reflect On
- What risks accompany rapid innovation?
- How to balance stability and change?
Innovation may cause short‑term disruption.