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Oliver Hart

Oliver Hart

Creative Destruction Theory Wins Economics Prize for Sustained Growth
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Creative Destruction Theory Wins Economics Prize for Sustained Growth

How is it that we have had two hundred years of sustained economic growth? This is something that Joel Mokyr and Philippe Aghion and Peter Howitt have answered in different ways in their research, for which they are now receiving the Economics Prize. It is about, among other things, "creative destruction"
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