Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth
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Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth

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STOCKHOLM, Sweden — Joel Mokyr, Philippe Aghion, and Peter Howitt won the Nobel Memorial Prize in Economics on Monday for their groundbreaking research into the impact of innovation on economic growth.

Their work explores how new technologies replace older ones, a key economic concept known as “creative destruction.” This concept highlights the dynamic nature of economies, where innovation drives progress by continuously transforming industries and markets.

The winners represent contrasting but complementary approaches to economics. Mokyr is an economic…

https://business.inquirer.net/552456/nobel-economics-prize-goes-to-3-researchers-for-explaining-innovation-driven-economic-growth

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