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Nobel Economics Prize Goes To Mokyr, Aghion And Howitt For Explaining ‘Innovation-Driven’ Economic Growth

The Nobel Economics Prize has been awarded 56 times to 96 laureates, and only three of them have been women.

Stockholm: Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel Memorial Prize in Economics on Monday for "having explained innovation-driven economic growth".

Mokyr is from Northwestern University, Aghion from the College de France and the London School of Economics, and Howitt from Brown University. The Nobel committee said Mokyr "demonstrated that if innovations are to succeed one another in a self-generating process, we not only need to know that something works, but we also need to have scientific explanations for why."

Aghion

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