Email a Link

You are sending a link to this publication:

October 17, 2008

We need to guard against destructive creation

Author:	Jagdish N. Bhagwati, Senior Fellow for International Economics

There is an assumption that financial innovation is like non-financial innovation in that both are examples of what Joseph Schumpeter called "creative destruction". But in this Financial Times op-ed, Jagdish Bhagwati writes that the downside of financial innovation can be "destructive creation". We therefore need an independent commission of experts to look at the potential downsides of financial innovation.

The e-mail addresses you submit will only be used to send the above publication.

Your Email Address

Recipient's Email Address

Personal message