Tag: prescriptive knowledge
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From Stagnation to Sustained Growth: Nobel Laureates Explain Innovation-Driven Progress
Understanding a Century of Change: Why Growth Became the Normal State Over the last two centuries, global living standards have risen dramatically, driven by a steady stream of technological innovations. This year’s Nobel Prize in Economic Sciences recognizes three scholars—Joel Mokyr, Philippe Aghion, and Peter Howitt—who illuminate the mechanisms behind sustained economic growth and why…