Nobel Prize Highlights the Role of Innovation and Technology in Economic Growth
TL;DR Summary
Joel Mokyr was awarded the 2025 Nobel Prize in Economics for his research on how science, technology, and the willingness of society to adopt and implement innovations—especially in Britain—sparked the Industrial Revolution and sustained economic growth through creative destruction, emphasizing the importance of technological progress and adaptable institutions for future growth.
Topics:world#creative-destruction#economic-growth#economics#industrial-revolution#nobel-prize#technology
- A Nobel Prize for explaining when technology leads to growth NPR
- Joel Mokyr, Philippe Aghion and Peter Howitt Share Nobel in Economics The New York Times
- Prize in Economic Sciences 2025 - Press release NobelPrize.org
- Why do we live in unusually innovative times? : The Indicator from Planet Money NPR
- Opinion | The Nobel Prize finally recognizes what matters most in economics The Washington Post
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