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".
The committee said 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.
This leads to improved health and quality of life for people around the globe.
Author's summary: Nobel Prize awarded for explaining innovation-driven growth.More News
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