Nobel Prize in Economics 2025 Honors Innovation and Technological Growth

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Source: CNN
Nobel Prize in Economics 2025 Honors Innovation and Technological Growth
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TL;DR Summary

The 2025 Nobel Prize in Economics was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on explaining innovation-driven economic growth, emphasizing the importance of technological innovation and creative destruction for sustained growth. Mokyr's historical analysis and Aghion and Howitt's mathematical model highlight the factors necessary for continuous economic development.

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