Why are some nations rich while others remain poor? It’s one of the oldest—and most consequential—questions in economics. The ...

But that thinking changed with the emergence of endogenous growth theory, which aims to explain which forces drive innovation ...

The Laureates Mokyr, Aghion, Howitt explain the role of innovation, prescriptive knowledge, creative destruction ...

Howitt and Aghion received the honor for their endogenous growth model developed in the late 1980s. Mokyr was recognized for ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new ...