Last week, two economists and one economic historian were awarded the Nobel Prize in economics for explaining innovation-driven economic growth. Northwestern University professor Joel Mokyr was commended “for having identified the prerequisites for sustained growth through technological progress” and French economist Philippe Aghion and Brown University’s Peter Howitt were jointly honoured “for the theory of sustained growth through creative destruction”.
It was noble (no pun intended) of the…
It was noble (no pun intended) of the…
