Technology10/13/2025•The Guardian
Trio win Nobel economics prize for work on technology-driven growth
Three economists, Joel Mokyr, Philippe Aghion, and Peter Howitt, have been awarded the 2022 Nobel Prize in Economics for their work on the role of technology in driving economic growth. Mokyr has cautioned about the potential negative impact of Trump-era tariffs, while Aghion and Howitt have explored the concept of "creative destruction," where new technologies and innovations disrupt existing economic structures. The prize, valued at 11 million Swedish kronor (approximately £867,000), recognizes the scholars' contributions to understanding how technological progress can lead to sustained economic development.
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