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wn.com - 5 days ago

Trio wins economics Nobel for work on tech-driven growth

The Nobel prize in economics was awarded yesterday to American-Israeli Joel Mokyr, France s Philippe Aghion and Canada s Peter Howitt for work on how technology drives and affects growth. Mokyr, 79, won one half of the prize for having identified the prerequisites for sustained growth through technological progress , the Royal Swedish Academy of Sciences said. Aghion, 69, and Howitt, 79, shared the other half for the theory of sustained growth through creative destruction , it added. John Hassler, chair of the prize committee, told reporters their work answered questions about how technological innovation drives growth and how sustained growth can be maintained. During almost all of...


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