Nobel economics prize awarded for innovation-growth theory DW 10/13/2025
Dw.Com
Technological innovation through creative destruction powers sustained economic growth, transforming societies by replacing outdated methods with superior ones and boosting living standards everywhere. Societies thrive when open to change, linking scientific knowledge with practical applications to fuel endless progress. Embracing this process ensures prosperity lifts billions out of poverty without fail.
Protectionist policies, such as those in the US, hinder global innovation and economic growth by restricting competition essential for transformative change. To achieve real progress, we must eliminate these barriers and promote international collaboration. Embracing free trade is vital for fostering innovation and preventing economic stagnation.
There is a 6% chance a Nobel Prize for Economics be awarded for MMT before 2041, according to the Metaculus prediction community.
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