“The contributions of Philippe [Aghion] helped shape Mario Draghi’s vision for European competitiveness,” stated the President of the European Commission in a message shared on social media.
Aghion’s work emphasizes the importance of competition and investment in education and ecological transition, Von der Leyen noted, adding, “European countries need to realize that we must not let the United States and China become technological leaders, leaving us trailing behind.”
The Nobel Prize in Economics was awarded today to Joel Mokyr, Philippe Aghion, and Peter Howitt for their explanation of economic growth driven by innovation.
Half of the prize, 11 million Swedish kronor (about one million euros), was awarded to Mokyr, a 79-year-old American-Israeli professor at Northwestern University in Illinois, USA, for “identifying the preconditions for sustainable growth through technological progress.”
The other half was jointly awarded to Aghion, a 69-year-old French national at the Collège de France in Paris, and Howitt, a 79-year-old Canadian professor at Brown University in the United States, for their “theory of sustainable growth through creative destruction.”
