Innovation won the Nobel this year. Joel Mokyr, Philippe Aghion, and Peter Howitt were honored for a simple engine: invention plus incentives plus diffusion equals growth. Marx wouldn’t quarrel w
Tag: Nobel prize in economics
The Nobel Prize for Institutions: A Critique of Acemoglu and Robinson’s Framework
Introduction On the same day the Nobel Committee announced its decision to award the 2024 Nobel Prize in Economics to Daron Acemoglu, Simon Johnson, and James A. Robinson for their work on institut