Nobel Economics Prize Winners Offer Lessons from History
This year's Nobel economics prize winners provide valuable insights and warnings from history, particularly relevant in today's economy threatened by AI disruption.
Winners Announced
The winners of the Nobel memorial prize in economics are Joel Mokyr of Northwestern University, Philippe Aghion of France, and Peter Howitt, a Canadian professor at Brown University in Rhode Island.
- Joel Mokyr
- Philippe Aghion
- Peter Howitt
Lessons from History
Their work highlights the importance of innovation, including technology, in driving economic growth, while also serving as a warning that growth is not inevitable and must be nurtured.
History shows growth isn't inevitable, and it has to be nurtured.
Marketplace senior economics contributor Chris Farrell discussed the winners' work with "Marketplace Morning Report" host David Brancaccio.
Author's summary: Nobel winners offer lessons on economic growth.