The Nobel Prize in economics was awarded to a trio of researchers Monday for their work on how cycles of technological innovation feed economic growth.
Joel Mokyr of Northwestern University, Peter Howitt of Brown University and Philippe Aghion of the College of France and the London School of Economics will split the prize money of 11 million Swedish kroner, or about $1.2 million.
All three men were born outside the United States, but each received his doctorate from a university in the U.S.
Mokyr pioneered a theory of how technological change and improvement has helped to fuel two centuries of growth and higher living standards. Howitt and Aghion followed up with a theory on how creative destruction allows one technological advance to give way to another, so what's a breakthrough in one generation is obsolete by the next.
Two scenes from the past two weeks capture something unsettling – and familiar –about American public life. In San Francisco, a tech billionaire delivered a sold‑out, off‑the‑record lecture series on the antichrist. In Michigan, a man rammed his pickup truck into a Latter‑day Saints meetinghouse during Sunday worship, opened fire and set the building ablaze, apparently believing that Mormons are the antichrist.
US military veterans increasingly face arrest and injury amid protests over Donald Trump’s deportation campaign and his push to deploy national guard members to an ever-widening number of American cities.
The firings of hundreds of employees at the Centers for Disease Control (CDC) have been reversed, according to several reports citing officials familiar with the matter, and the American Federation of Government Employees (AFGE), the largest union representing federal workers.
The world on Monday celebrated the release of the remaining hostages taken by Hamas in the Oct. 7, 2023, attacks, as the first phase in the U.S.-brokered ceasefire plan held in the shaken region.
Scrolling through social media during a work break, Alexandra realized she was going to lose her new job.
