Nobel Prize in Economic Sciences - Three economists announced winners for "explaining growth through innovation"
Three economists have won the Nobel Prize in Economic Sciences for "explaining innovation-driven economic growth," according to the evaluation committee. The Royal Swedish Academy of Sciences has decided to share the award among Joel Mokyr, Philippe Aghion and Peter Howitt.
Half of the prize was awarded to Joel Mokyr from Northwestern University, USA, "for identifying the prerequisites for sustainable growth through technological advancement," according to the committee.
While the other half will be shared between Philippe Aghion, from the Collège de France, and Peter Howitt, Brown University, USA, “for the theory of sustainable growth through creative destruction.”
In 1968, Sweden's central bank created this award in memory of the 19th-century Swedish businessman and chemist Alfred Nobel, who invented dynamite and established the five major prizes.
Since then, the title in economic sciences has been awarded 56 times to a total of 96 laureates. Only three of the winners have been women.
For Nobel traditionalists, the economics award is not technically a Nobel Prize, but is always awarded along with other titles at the Honor Ceremony on December 10, the anniversary of Alfred Nobel's death in 1896.
The Nobel Prize winners for medicine, physics, chemistry, literature and peace were announced last week.
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