Nobel Prize for Economics Awarded
The Nobel Prize committee awarded the economics award to Joel Mokyr, Philippe Aghion, and Peter Howitt.
They were awarded for "having explained innovation-driven economic growth".
This year’s laureates in economic sciences, Joel Mokyr, Philippe Aghion, and Peter Howitt, explain how innovation provides the impetus for further progress.
Technology advances rapidly, affecting us all, with new products and production methods replacing old ones in a never-ending cycle, resulting in sustained economic growth and a better standard of living.
Author summary: Economists awarded Nobel Prize for explaining innovation-driven growth.
- Laureates: Joel Mokyr, Philippe Aghion, and Peter Howitt
- Awarded for: Explaining innovation-driven economic growth
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