Ghanaians see the evidence of economic wear-and-tear every day . Potholes often appear soon after a road project is ...

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

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

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

The future of growth models will be driven by innovation, and this is both a challenge and an opportunity, as reflected in ...

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 explain how knowledge and freedom combine to produce prosperity.

The 2025 Nobel prize in Economics honors Mokyr, Aghion, and Howitt for explaining how innovation drives growth—and warns that ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the ...

Though little surprised by the decision of Sweden’s Nobel Committee, Pakistan’s community of economists hopes that policymakers will pay heed to the 2025 laureates and their work, abandoning archaic ...

China's rise over the past decades has not been a zero-sum game for others. The country has consistently provided ...