Explore the dynamic interplay of innovation, competition, and corporate evolution with ‘Rise and Fall of Business Firms: A Stochastic Framework on Innovation, Creative Destruction and Growth’. This groundbreaking book bridges statistical physics and econometrics to unveil a powerful framework explaining company and industry growth and decline. Utilizing extensive micro-level data from over 3,000 firms and 50,000 products across 20 countries, the authors present and rigorously test a novel model of innovation and proportional growth. Ideal for physicists seeking economic applications and economists interested in data-driven, physics-inspired analysis, this Cambridge University Press publication offers crucial insights into the forces shaping modern economies. Discover a unique perspective on business cycles and market dynamics at The Bookish Owl.