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Stockholm: The final Nobel, for Economics, of this year’s prize season went to Joel Mokyr (Northwestern University, the US), Philippe Aghion (College de France and INSEAD, Paris, France) and Peter Howitt (Brown University, the US) on Monday for having explained innovation-driven, sustained economic growth.
While with one half of the coveted prize went to Mokyr “for having identified the prerequisites for sustained growth through technological progress”, the other half was awarded jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction”, said the Royal Swedish Academy of Sciences, while presenting the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025”.
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