Creative Destruction

How to Start an Economic Renaissance

Phil Mullan

Creative Destruction

Phil Mullan

Distributed for Policy Press at the University of Bristol

276 pages | © 2017
Paper $22.00 ISBN: 9781447336112 Published May 2017 For sale in North and South America only
What has caused the leading economies of the Western world to stagnate, and what can be done to extricate them from this prolonged economic slump? Much has been written in answer to these two vital questions, but as economist Phil Mullan argues, the conventional answers have gotten both cause and solution all wrong. Tackling both the decay and the resilience of the major Western economies over the past four decades, Creative Destruction shows that a new industrial and technological revolution coupled with economic restructuring are required to escape from economic atrophy. Bringing to bear years of experience working in senior management positions within global companies, Mullan offers an innovative new perspective on political economy that brings the economic crisis back to basics: how did the West lose its economic dynamism, and how can it be regained?
Review Quotes
Spiked
"Of the hundreds of economic books published since the financial crisis began, this is the most important and insightful in making sense of the travails of twenty-first-century capitalism and pointing towards a possible escape from the stasis Mullan calls the 'Zombie Economy.'"
Market Plus
"Mullan . . . propose[s] a creative solution, while at the same time explaining some basic concepts . . . , thus allowing anyone to read his book."
Lesley Curwen, broadcaster
"A tour-de-force call for a new industrial revolution and a rallying cry for the zombie economy to be stabbed in the neck to enable a truly productive future."
Vicky Pryce, Centre for Economics and Business Research
"Mullan is right that more productive cooperation between government and business is part of the answer for achieving sustainable growth."
Frank Furedi, University of Kent
"An excellent study of the malaise plaguing western economies. Mullan provides a bold call for strategy of economic disruption in order to lay the foundation for a twenty-first-century industrial revolution."
Philip Sadler CBE, Tomorrow's Company
"A wide ranging and thorough diagnosis of the  problems besetting the UK economy."
Bruno Waterfield, Brussels correspondent, Times
"After Brexit the economic question is back with a vengeance. Mullan’s case for public-led political change is timely and essential."
Claire Fox, director, Institute of Ideas
"With clarity and originality, Mullan’s book—packed with serious analysis and a wealth of references—is much more than a brilliant description of zombie capitalism. It bravely challenges fatalistic orthodoxies and not only helps us all to understand economic stasis but even better, it is packed with ideas about how to change it."
Iwan Morgan, University College London
"Deserves to be read by political leaders of all stripes and corporate leaders of all kinds. It clearly shows the need for daring economic thinking rather than incremental adjustments to create the hitherto elusive new economy and could not have appeared at a more opportune moment in light of the popular economic discontent now sweeping America and Europe. No one can afford to ignore the author's bold vision."
Andrew Sentance, Price Waterhouse Coopers
"Mullan explains how western economies can embark on a new growth wave after the financial crisis. A very challenging and stimulating analysis."
For more information, or to order this book, please visit http://www.press.uchicago.edu
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