Why Some Nations Prosper While Others Lag Behind: The Economics of Growth
Why Some Nations Prosper While Others Lag Behind: The Economics of Growth Summary This article explains why long-run prosperity varies so widely between countries by summarising the work honoured by the 2025 Sveriges Riksbank Prize in Economic Sciences: Philippe Aghion, Peter Howitt and Joel Mokyr. It contrasts older, exogenous views of growth with endogenous growth […]