This year's Nobel economics prize winners provide valuable insights and warnings from history, particularly relevant in today's economy threatened by AI disruption.
Three professors, Joel Mokyr, Philippe Aghion, and Peter Howitt, will share the Nobel memorial prize in economics for their work on how innovation, including technology, drives economic growth.
Their work serves as a warning that economic growth is not inevitable and must be nurtured, as history has shown.
Chris Farrell, Marketplace senior economics contributor, has reviewed the work of the prize winners and discussed it with David Brancaccio on the "Marketplace Morning Report".
Author's summary: Nobel winners offer lessons on economic growth.