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
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