The Royal Swedish Academy has honored three economists, Joel Mokyr, Philipp Aghion and Peter Howitt, for their work “explaining economic growth through innovation.”
Spanish economist Juan Ramon Lalo explains how the innovative environment created by modern scientific thinking explains why economic growth has been a constant driver of commercial and economic activity for the past 250 years, according to 2025 Nobel Prize winner and economic historian Joel Mokil from Northwestern University and Tel Aviv University. It is available at the following link: .
Mokil specializes in the period from 1750 to 1914, when science and technology expanded, created a stock of innovations, and economic growth began. World War I. His analysis weaves together the connections between industrialization, economic growth, and well-being. His best-known work is A Culture of Growth: The Origins of the Modern Economy, published in 2016, but it has not been translated into Spanish. In it, he describes how the theoretical developments of emerging sciences were translated into technology (applied science) and how inventions in the late 18th and early 19th centuries increased the productivity of business and capitalism, resulting in sustained economic growth.
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Meanwhile, the Nobel laureate’s colleagues Philippe Aghion of the Collège de France’s School of Economics and Political Science and Peter Howitt of Boston University are theoretical economists who work on the problem of innovation creating winners and losers, and foresee institutional (negotiated) solutions to avoid losses and socialize profits to prevent this from happening. Ideas inspired by Joseph Schumpeter of the Austrian School.
This is an application of the concept of “creative destruction”, a means to avoid foreseeable damage in static scenarios and exploit the synergies created by the cooperation of business groups using institutional solutions (in economic logic). It is a wake-up call to the extremism brought about by the current socio-economic situation.
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This is a sudden question. Do professors of “Analysis of Economic Thought” (a course I teach at PUCMM where I teach these topics) apply these questions to “data” and Dominican socio-historical dynamics? This is a way to prove that we are among the “things”, as the Nobel Foundation has been doing…
Philippe Aghion References
Aghion, Philip. Antonin, Celine. Bunel, Simon (2021): The Forces of Creative Destruction: Economic Cataclysm and the Wealth of Nations. Harvard University Press. Aghion, Philip; Peter Howitt (2009); The Economics of Growth. MIT Press. Aghion, Philip. Griffiths, Rachel (2006). competition and growth. MIT Press. Aghion, Philip. Derlauf, Stephen N. (2005). A manual for economic growth. 1A. Amsterdam: Elsevier. Aghion, Philip. Derlauf, Stephen N. (2005). A manual for economic growth. 1B. Amsterdam: Elsevier. Aghion, Philip. Howitt, Peter (1998). Endogenous growth theory. Cambridge, MA: MIT Press.
Miguel San Ben
economist
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