The Nobel Prize in Economics rewards research on sustainable growth

The Nobel Prize in Economics rewards research on sustainable growth

The prize is awarded to the trio of researchers Joel Mokyr, Philippe Aghion and Peter Howitt, for explaining “innovation-driven economic growth”. (10/13) Royal Swedish Academy of Sciences in Stockholm.




They are honored this year for “explaining innovation-driven economic growth,” the Nobel committee of the Royal Swedish Academy of Sciences said.

Mokyr won half the prize, 11 million Swedish crowns (R$6.1 million), “for identifying the prerequisites for sustained growth through technological progress”, while Aghion and Howitt shared the other half “for the theory of sustained growth through creative destruction”, the committee announced.

Mokyr is from Northwestern University, USA, Aghion, from the College de France and the London School of Economics, and Howitt, from Brown University, USA.

In the last two centuries, for the first time in history, the

The world has seen sustained economic growth,” the Academy said in a press release.

“It has lifted large numbers of people out of poverty and laid the foundation for our prosperity. This year’s economics laureates, Joel Mokyr, Philippe Aghion and Peter Howitt, explain how innovation drives progress.”

The economics prize concludes this year’s string of Nobel announcements. The winners in medicine, physics, chemistry,

literature and peace were revealed last week.

The 2024 award went to the Prosperity Study

Last year the Nobel Prize in economics went to US researchers Daron Acemoglu, Simon Johnson and James A. Robinson. They were chosen for research into differences in prosperity between nations.

The Turkish-American economist Acemoglu and the two British-American researchers Johnson and Robinson were honored for demonstrating “the importance of social institutions for the prosperity of a country”.

More information in a moment

Source: Terra

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