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Kovács, O. (2026): Mastering the Spirited Horse: A Review of The Economics of Creative Destruction. Journal of Evolutionary Economics Vol. 36, 31 (2026), https://doi.org/10.1007/s00191-026-00956-7 The publication of The Economics of Creative Destruction (2023), edited by Ufuk Akcigit and John Van Reenen, represents a definitive summation of the endogenous growth revolution initiated by Philippe Aghion and Peter Howit

In economics, and maybe in all aspects of life, longer term tendencies can offer much more realistic picture about how phenomena happen than any short term and fresh data. Another equally important thumb rule is that building on easily observable, measurable and interpretable phenomena during any kind of analysis can result much precise knowledge. This is because we simply cannot always understand the ‘big picture’ c