Trio Awarded Nobel in Economics for Innovation and Growth Research

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Source: Reuters
Trio Awarded Nobel in Economics for Innovation and Growth Research
Photo: Reuters
TL;DR Summary

The 2025 Nobel Economics Prize was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on how innovation and 'creative destruction' drive economic growth, emphasizing the importance of technological progress and the need for policies that support sustained growth, with Aghion urging Europe to learn from the U.S. and China.

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