Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for “having explained innovation-driven economic growth.”

The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Joel Mokyr at Northwestern University, Philippe Aghion at INSEAD and the London School of Economics and Peter Howitt of Brown Un...

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 scient...