US EditionWhat This Year’s Nobel Prize Teaches About Innovation And AI Risk
The 2025 Nobel Prize honors research showing innovation fuels growth through creative destruction while highlighting AI’s challenges including market power concentration, sustainability, and openness.
- On Monday the Royal Swedish Academy of Sciences awarded the economics Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt.
- Aghion and Howitt formalized the 1992 model of creative destruction, linking innovation-driven growth to balancing creation and destruction, openness and stability.
- They identified three pressing challenges: keeping markets open, ensuring sustainability and preventing excessive concentration in AI firms, warning jobs will change and institutions will strain, Aghion and Howitt said.
- Howitt warned that artificial intelligence offers 'amazing possibilities' but should be regulated because of its job‑destroying potential, recalling his early research, when he said, 'Right from the beginning...,'
- This year the announcement arrives amid urgent AI debates as societies face rapid adoption, requiring governance and institutions to modernize for regulation, education, and climate change adaptation.
62 Articles
62 Articles
The winning theory of the 2025 Nobel Prize for Economic Sciences came at a good time, according to the economist and professor of the Foundation Getúlio Vargas (FGV) Aloisio Araujo. For him, the explanation that global economic growth is driven by innovation raises discussions that arise from the regulation of social networks, to the impact of artificial intelligence on jobs, as well as external trade tensions with prices imposed by US President…
For the economist, this technology has the potential to destroy other jobs or replace highly skilled labor, so it is necessary to fight for its regulation.
The Nobel Prize in Economics 2025 rewarded ideas that reveal the key — and controversial — role of innovation in sustaining economic growth.
Nobel Prize in economics 2025 announcement
Nobel Prize in economics 2025 announcement Watch live as the Nobel Prize in economics is announced by the Royal Swedish Academy of Sciences in Stockholm. Read more: https://bit.ly/4mWCRw2 #nobelprize #economics #live The post LIVE: Nobel Prize in economics 2025 announcement appeared first on Social News XYZ.
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