Add Yahoo as a preferred source to see more of our stories on Google. French economist Philippe Aghion in Paris, after winning the Nobel prize in economics, 13 October 2025. (© Thibault Camus/AP) ...

What is the defining characteristic of capitalism? Some say profit. Others, private ownership. Still others, rapacity. Considering that capitalism may have begun as early as the 16 th century, in ...

Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. Each year, the Royal Swedish Academy of Sciences awards the ...

When the Nobel Prize went last week to three economists who championed the theory of creative destruction, new attention was paid to the idea that when new and better business practices sweep the ...