Economists win Nobel for innovation
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Joel Mokyr, Philippe Aghion and Peter Howitt were awarded the Nobel Prize in Economic Sciences for their work on "creative destruction," arguing firm turnover and innovation drive long‑run economic growth.
"Why green growth needs more destruction"
Yup.
by Paulo Gala
Reposted by Helmut Reisen
You can watch the talk www.youtube.com/watch?v=P8q5...
or read an older version of the analysis he presented bpb-us-w2.wpmucdn.com/voices.uchic...
Their work shows that innovation and technological change are essential for sustaining long-term growth. Insights we should take very seriously, now more than ever.
Reposted by Helmut Reisen
Reposted by Kimberly A. Clausing, Aaron Sojourner, Miles Corak
Reposted by Steve Keen
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