Trio of researchers share Nobel in economics for ‘explaining innovation-driven growth’
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Trio of researchers share Nobel in economics for ‘explaining innovation-driven growth’
The 2025 Nobel Prize in Economics was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on "explaining innovation-driven growth". They are credited with quantifying the concept of "creative destruction" – the idea that innovations like steam engines and artificial intelligence, which replace older technologies and ...
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