This year's Nobel economics prize winners provide valuable insights and warnings from history, particularly relevant in today's era of AI-driven economic disruption.
Three professors, Joel Mokyr, Philippe Aghion, and Peter Howitt, will share the Nobel Memorial Prize in Economics for their work on how innovation, including technology, drives economic growth.
Their work serves as a warning that economic growth is not inevitable and must be nurtured, as history has shown.
History shows growth isn't inevitable, and it has to be nurtured.
Marketplace senior economics contributor Chris Farrell discussed the winners' work with "Marketplace Morning Report" host David Brancaccio.
Author's summary: Nobel winners share lessons on economic growth.