wn.com - 24 hours ago

The 2025 Nobel Prize in Economic Sciences did more than celebrate three brilliant thinkers. It was a subtle alarm bell about how innovation happens, why it slows down, and what societies lose when they stop believing in progress. Joel Mokyr, Philippe Aghion, and Peter Howitt were the joint winners, and they all come from very different corners of economics. Together they explained both how the modern world began to grow, and what keeps it from stalling. Their ideas tell a single story about innovation, competition, and the fragile culture that allows growth to last.How growth became possible For almost all of human history, economies barely moved. Small improvements in tools or farming were...

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