This year’s Nobel Prize for economics is unusually pertinent. It honors three scholars who, in different ways, have tried to understand why innovation happens and how it promotes economic growth. These questions have never seemed more pressing. kAm%649?@=@8:42= AC@8C6DD D9@HD ?@ D:8? @7 DE2==:?8] "F:E6 E96 @AA@D:E6i pCE:7:4:2= :?E6==:86?46 AC@>:D6D 2 ?6H DFC86 @7 “4C62E:G6 56DECF4E:@?[” >62?:?8 9:896C =:G:?8 DE2?52C5D 4@>3:?65 H:E9 FA962G2= :? E96 =23@C >2C<6E] |2<:?8 E96 >@DE @7 E9:D AC@DA64E :D 492==6?8:?8 :? :ED @H? C:89E[ 3FE :E 2=D@ 6I6>A=:7:6D 2 566A6C AFKK=6] x? C646?E J62CD[ 25G2?4:?8 <?@H=6586[ ?6H 8@@5D 2?5 D6CG:46D[ 2?5 ?6H 7@C>D @7 AC@5F4E:@? 92G6 2CC:G65 2=@?8D:56 D=F88:D9 8C@HE9 :? AC@5F4E:G:EJ]k^Am kAmw6?46 E96 AFKK=6i tI24E=J 9@H 5@6D E649?@=@8:42= AC@8C6DD 5C:G6 AC@DA6C

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