Nobel Winners in Economics
This year's Nobel winners for economics explained how innovation makes us rich.
Joel Mokyr, a Northwestern University professor and Reason contributor, was awarded the Nobel Memorial Prize in Economic Sciences by the Royal Swedish Academy of Sciences. He was recognized
for having identified the prerequisites for sustained growth through technological progress.
Mokyr shares the prize with Philippe Aghion and Peter Howitt, who jointly won the other half
for the theory of sustained growth through creative destruction. Together, they explained how innovation drives economic growth, lifting countless people out of poverty.
Author's summary: Nobel winners explain innovation's role in economic growth.
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