The connection between knowledge, technological advancement, and economic growth is a central theme in the work of Joel Mokyr, an acclaimed economic historian and recipient of the Nobel Prize. His research highlights how intellectual shifts and the spread of useful ideas have historically driven industrial transformation and long-term prosperity. According to Mokyr, sustained economic development is not merely the result of capital accumulation or labor expansion but is deeply rooted in the evolution of scientific understanding and practical innovation. Institutions that support inquiry, education, and the dissemination of information play a crucial role in enabling societies to harness new technologies effectively. His insights, featured through CEPR, underscore the importance of cultural and intellectual environments in shaping the trajectory of economic progress.
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Knowledge, technology, and growth: Joel Mokyr, Nobel laureate CEPR