Revisiting the origins of growth
Joel Mokyr, Philippe Aghion and Peter Howitt, winners of the 2025 Nobel prize in economics
DOI:
https://doi.org/10.46661/rec.12797Keywords:
Joel Mokyr, Philippe Aghion, Peter Howitt, endogenous growth, evolutionary economic theoryAbstract
This article examines the reasons that led the Nobel Committee in Economics to award the prize to Joel Mokyr, Philippe Aghion, and Peter Howitt. These reasons are contrasted throughout the article with the differences in the conceptualization of the origins of economic growth in the various schools of economic thought. The conclusion is that this year's prize confirms that the two most important traditions or schools of thought, the endogenists and the neo-Schumpeterians, have found common ground in economic history through the work of Joel Mokyr.
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