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The Nobel prize in economics was awarded on Monday to American-Israeli Joel Mokyr, France’s Philippe Aghion and Canada’s Peter Howitt for work on how technology drives and affects growth. Mokyr, 79, won one half of the prize “for having identified the prerequisites for sustained growth through technological progress”, the Royal Swedish Academy of Sciences said. Aghion, 69, and Howitt, 79, shared the other half “for the theory of sustained growth through creative destruction”, it added.
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