Ufuk Akcigit

Ufuk Akcigit, a leading economics professor renowned for his research on growth via technological progress, discusses the vital role of innovation in economic growth. He highlights 'creative destruction' as a key driver of productivity and living standards. The conversation delves into historical lessons from Germany's economic divide and the conflict between innovation and market dominance, with established companies stifling new ideas. Akcigit also emphasizes the importance of talent allocation in nurturing future inventors, advocating for a merit-based system.

Economist Ufuk Akcigit discusses creative destruction, defensive innovation, and market power impact on innovation. They explore barriers in developing economies, potential research questions, and green innovation. The conversation includes insights on superstar firms and the diffusion of innovation, with a focus on Robert Lucas and ups and downs in the field.