“Financial education.” This was my condensed response to a question in a recent Publishers Weekly interview: “What could have helped improved the lives of so many people during the Covid-19 crisis?” ...
Three professors who look at how innovation — including technology — drives economic growth will share the Nobel memorial prize in economics. The winners are Joel Mokyr of Northwestern University; ...
For many of us, the first time we encountered economics was in a textbook, defined in terms of supply and demand — accurate, yes, but not ...
Lessons from Soviet Economics for the Climate Era Abby Innes argues the world needs to reimagine how governments wield economic tools if we are to get on track to fight climate change.
A fundamental economic principle is that voluntary trade creates wealth, and the more people trade, the greater their well-being. Most economists agree that the more a nation’s citizens can trade with ...
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Innovation, Openness, and the AI Race: Lessons from the 2025 Nobel Laureates in Economics
The 2025 Nobel Memorial Prize in Economic Sciences, awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt, could not be more timely. Their research explains how innovation, openness, and “creative ...
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