Philippe Aghion - Inaugural lecture of the School of Management & Impact of Sciences Po

📚 Inaugural Lecture - School of Management & Impact of Sciences Po To open the academic year, students at Sciences Po’s School of Management and Impact attended the inaugural lecture of Philippe Aghion, economist and Professor at the Collège de France, on a central theme: the power of creative destruction. Building on Joseph Schumpeter’s theory, Aghion demonstrates how innovation continually replaces outdated technologies and business models, driving growth while also generating economic and social tensions. He invited students to: rethink the history of growth through the lens of creative destruction, question the future of capitalism, explore the promises and risks of AI: growth potential vs. risks of job loss and economic concentration. His message is clear: innovation fuels prosperity only if paired with the right policies—competition, education, and social protection. --- Sciences Po is an international research university, both selective and open onto the world, ranking among the finest institutions in the fields of humanities and social sciences. Click for more information about Sciences Po. http://bit.ly/2bQkwiG --- Follow us on social media! --- Youtube:    / @sciencespo   X: https://x.com/sciencespo?s=21 Instagram:   / sciencespo   TikTok :   / sciencespo   Snapchat:   / m4yei453   LinkedIn :   / sciences-po   Our newsletter: http://bit.ly/2NPQ6yo Sciences Po App - Google Play: https://bit.ly/3sH5LpR Sciences Po App - App Store: https://apple.co/3Bl43OC ---- Chapters 00:00 Introduction 04:00 Schumpeter and creative destruction 08:20 Innovation vs. capital accumulation 12:30 Contradictions of capitalism & inequality 16:00 The digital revolution & “superstar firms” 20:30 Competition and innovation policy 28:00 Innovation, social mobility & lobbying 33:00 Flexicurity, education & European models 41:00 AI, automation & jobs 52:00 Social protection & inclusive growth 58:00 Europe, industrial policy & climate 1:12:00 Q&A