Today’s Economics Nobel is shared between Joel Mokyr, an economic historian, and macroeconomists/ growth theorists Philippe ...

We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...

Peter Howitt, now at Brown University, has been awarded for his work on innovation and “creative destruction.” ...

Peter Howitt, a professor at Brown University in the United States, is recognized as a leading 'Schumpeterian' alongside ...

Philippe Aghion gave a rapid-fire tour de force on innovation, markets, and competition. On AI, he said past predictions of ...

The study of economic growth is concerned with long-run changes, and therefore, historical data should be especially influential in informing the development of new theories. In this review, we draw ...

Members, Engines CEOs, Industry agree in the promise of NSF Engines for localities & the nation's economy and security.

Joel Mokyr, Philippe Aghion and Peter Howitt win 2025 Nobel in Economics for explaining innovation-driven growth and the ...

The Royal Swedish Academy of Sciences awarded the three economists "for explaining innovation-driven economic growth." ...

We incorporate incumbent innovation in a Keynesian growth framework to generate an endogenous distribution of market power across firms. Existing firms increase markups over time through successful ...

The 2025 Nobel Prize in Economic Sciences recognizes Joel Mokyr, Philippe Aghion, and Peter Howitt for their foundational ...