The 2025 Nobel Prize in Economics: Explained

About this episode

This episode explains the significance of the 2025 Nobel Prize in Economics awarded for insights into technological innovation and its impact on wealth during the Industrial Revolution.

Discover what drives lasting prosperity. This year, the Nobel Prize in Economics was awarded to Mokyr, Aghion, and Howitt for demonstrating how technological innovation drove the surge in wealth during the Industrial Revolution. From steam engines to AI, learn why a lack of understanding once held back progress and why creative destruction is so important today. With AI now threatening jobs and monopolies limiting new ideas, could this progress be at risk? Explore the challenges, debates, and potential future dangers that could alter our economies. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Economics Explained

Topics covered

• Nobel Prize
• economic prosperity
• technological innovation
• Industrial Revolution
• creative destruction
• AI impact
• economic challenges

Keywords

• Nobel Prize
• economics
• technological innovation
• Industrial Revolution
• AI
• creative destruction
• economic challenges

Mentioned in this episode

Products: AI

Books & works: The 2025 Nobel Prize in Economics

Places: 2025

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