Nobel Economics Prize to Trio for Tech-Driven Growth & 'Creative Destruction' MHM NEWS

MHM NEWS

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00:00The Academy of Sciences has today decided to award

00:13Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

00:20for 2025 to Joel McHugh, Northwestern University, USA,

00:26Philippe Aguillon, Collège de France and INSEAD, France,

00:32London School of Economics, UK, and Peter Howitt, Brown University, USA

00:39for having explained innovation-driven economic growth.

00:45With one half, the prize goes to Joel Mokyr

00:49for having identified the prerequisites for sustained growth

00:53through technological progress, and the other half

00:58jointly to Philippe Aguillon and Peter Howitt

01:05for the theory of sustained growth.

01:07Trio wins Economics Nobel for work on tech-driven growth.

01:12Dear viewers, please like this news, share your comments.

01:15The prize in economics was awarded on Monday to American-Israeli Joel Mokyr,

01:24France's Philippe Aguillon, and Canada's Peter Howitt

01:27for work on technology's impact on sustained economic growth.

01:31Mokyr, 79, won one half of the prize for having identified the prerequisites

01:43for sustained growth through technological progress,

01:46the Royal Swedish Academy of Sciences said.

01:52Aguillon, 69, and Howitt, 79, share the other half

01:56for the theory of sustained growth through creative destruction, it added.

01:59John Hassler, chair of the prize committee, told Repo

02:05who is a professor at Northwestern University in the United States,

02:11used historical sources as one means to uncover the causes

02:14of sustained growth becoming the new normal, the jury said in a statement.

02:20Then examined the concept of creative destruction,

02:23which refers to the process when a new and better product enters the market,

02:26the companies selling the older products lose out.

02:29The Nobel Prize is the only Nobel, not among the original five,

02:37created in the will of Swedish scientist Alfred Nobel, who died in 1896.

02:43It was instead created through a donation from the Swedish Central Bank in 1968,

02:47leading detractors to...

02:48The Nobel Prize in Economics was awarded on Monday to American-Israeli Joel Mokri.

03:11Jesus, it is celebrated by the wonderful voice.

03:12The Nobel Prize in Economics

03:13So queen Anze周 Khto is a huge factor in preparing Yoshiko Mokri,

03:14who died in the polsk Messiahs of the inherently

03:16a Wentw chamber and served as a craftsman,

03:16and called by Ross.

03:20The Nobel Prize Kinder Institute was awarded to ksiada 83 있다는

03:23The Nobel Prize in makers were awarded to Kawaii al-Rosh.

03:24from the Swedish Central Bank in 1968, leading detractors to dub it a false novel.

03:33But like the Novels is Chemistry and Physics, the Royal Swedish Academy of Science choose

03:37the winner and follows the same selection process.

03:41The economics prize of this year's Nobel season, which honoured research into the human

03:46immune system, practical applications of quantum mechanics and the development of new forms

03:51of molecular architecture.

03:52The literature prize went to Hungarian author Hásil J. Krasnorkai whose works explored

03:59themes of post-modern diaspora and Melanopoly.

04:03Venezuelan opposition leader Maria Korina Masado was given the highly vast Nobel Prize.

04:08In a suffice move, Masado dedicated the prize to U.S. President Donald Trump, who had made

04:15no second bad thought he deserved it.

04:17The Nobel economics prize consists of a diploma, a gold medal, and a 1.2 billion U.S. dollar

04:24check.

04:25The laureates will receive their prize at formal ceremonies in Stockholm and Oslo on December

04:3210th.

04:33The date is the anniversary of the date in 1896 of scientist Alfred Novel who created the prizes

04:41the prize award in his six years.

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