Getting into a contest with President Obama over who is a better friend of business is not the winner some might think. The water will get very muddy very quickly if Romney campaigns on who is business' BFF, especially when you consider that one of the things Romney did at Bain Capital was take businesses apart.

An examination of the 50 largest U.S. bank holding companies in 1983 reveals the riskiness of banking and its pervasive consolidation over the last generation, helping observers prepare for further creative destruction.

Scott Gottlieb reviews Eric Topol's book on how medical innovation will coalesce to change clinical practice and what the coming changes mean for today's policy debates.

The lesson of the financial crisis is not that we should stop thinking about the future, but that we should give up the faith that wise central bankers and learned economists can make the financial world safe. They can't.

A new book provides a rich and insightful account of the life of Joseph Schumpeter.

Obama and his team seem sharply opposed to the view that creative destruction is a valuable economic force.

An interview with Thomas K. McCraw on Schumpeter's work and influence.

New York City's Department of Education is empowering school leaders and implementing accountability measures that will place its public schools on a path of positive results.