Three Share Nobel in Economics for Work on How Technology Drives Growth

Business|Three Share Nobel in Economics for Work on How Technology Drives 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 University for their work on innovation-driven economic growth.

Mr. Mokyr was awarded the half of the prize “for having identified the prerequisites for sustained growth through technological progress,” the committee said.

Mr. Aghion and Mr. Howitt shared the other half of the award for what the committee described as “the theory of sustained growth through creative destruction.”

Who won the Nobel Prize in Economics in 2024?

Last year, Daron Acemoglu, Simon Johnson, and James Robinson shared the award for their work on how institutions are formed and contribute to a country’s prosperity.

Who else has won a Nobel Prize this year?

• The prize in physiology or medicine went to Mary E. Brunkow, Fred Ramsdell and Shimon Sakaguchi for their discoveries about immune systems.

• The award for physics was given to John Clarke, Michel Devoret and John Martinis for their work in quantum mechanics and electric circuits.

• The prize for chemistry was shared among Susumu Kitagawa, Richard Robson, and Omar M. Yaghi for the development of metal-organic frameworks, which are constructions that can capture carbon dioxide, for example.

• The literature prize went to Laszlo Krasznahorkai, a Hungarian novelist, for his “compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art.”

• The Nobel Peace Prize was awarded to María Corina Machado, an opposition leader in Venezuela, for “her tireless work promoting democratic rights.”

  This is a breaking news story. Check back for updates.