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The Sveriges Riksbank Prize in Economic Sciences for this year was awarded to Joel Mokyr, Philippe Aghion, Peter Howitt for "showing how new technology can drive sustained growth." They've won 11 million Swedish kronor with one half to Joel Mokyr and the other half jointly to Philippe Aghion and Peter Howitt. (Image: The Nobel Prize)

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Joel Mokyr who is a professor at Northwestern University in the US and Tel Aviv University in Israel, won the prize “for having identified the prerequisites for sustained growth through technological progress”. Joel Mokyr's work highlights that sustained growth requires not just successful innovations, but also the scientific understanding of why they work to enable building upon them. (Image: Wikimedia Commons)

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Winner of the other

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