Nobel Prize Vindicates Economic Nationalism, Part III: When Creative Destruction Fails

Today is the third and final part in our series exploring the theories of Joel Mokyr, Philippe Aghion, and Peter Howitt — the winners of the 2025 Nobel Prize in Economics — which explore how innovation drives growth.

In Monday’s Breitbart Business Digest, we examined Mokyr’s research on political fragmentation and sovereignty. Yesterday, we explored how Aghion and Howitt’s theory of creative destruction reveals why China’s IP theft kills innovation. Today, we will review Aghion’s empirical discovery that offshoring destroys communities in ways that domestic innovation does not .

We’ll examine what happened when economists tested those theories against real-world data and discovered a truth tha

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