Nobel Prize for Economics Awarded to Joel Mokyr, Philippe Aghion and Peter Howitt
The Nobel Prize committee awarded the economics award to Joel Mokyr, Philippe Aghion and Peter Howitt for "having explained innovation-driven economic growth".
This year’s laureates in economic sciences 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.
Authors note: The Nobel Prize in Economics awarded to three economists.
- Joel Mokyr
- Philippe Aghion
- Peter Howitt