Economists
A new study co-authored by MIT economists provides insight into the opioid crisis, examining the role of state-level policies and geography in its spread. The study reveals that state policies involving "pill mills" contributed to addiction over time, with laws restricting pain clinics reducing risky opioid use by
Economists
A new study co-authored by MIT economists provides insight into the opioid crisis, examining the role of state-level policies and geography in its spread. The study reveals that state policies involving "pill mills" contributed to addiction over time, with laws restricting pain clinics reducing risky opioid use by
College faculty
A new study has examined how corporate characteristics, such as profitability, number of employees, and patent holdings, impact pollution emissions from industrial and mining facilities. The analysis combined data from the Environmental Protection Agency's Toxics Release Inventory with financial information and geographic and demographic data. The study found
Economic growth
Three economists, Joel Mokyr, Philippe Aghion, and Peter Howitt, have been awarded the Nobel Memorial Prize in Economic Sciences for their groundbreaking work on creative destruction, a concept that explains how new innovations replace and destroy older technologies and businesses. The prize recognizes their research on the mechanisms behind sustained
College faculty
Millions of motorists across the UK may be surprised to learn that they could be in line for payments of around £700 after car dealers mis-sold finance to earn commission. The UK regulator, the Financial Conduct Authority (FCA), has announced that lenders must compensate buyers who took out finance for
Economic growth
Economic growth has lifted billions of people out of poverty over the past two centuries, but the trio of economists Joel Mokyr, Philippe Aghion, and Peter Howitt warn that poor policy could see economies stagnate again. Innovation is key to driving sustainable growth, and the three economists have extensively researched
Economic growth
Three economists have been awarded the 2025 Nobel Prize in Economics by the Royal Swedish Academy of Sciences for their contributions to the theory of innovation-driven economic growth. Joel Mokyr of Northwestern University, USA, and Philippe Aghion of the College de France, INSEAD, and The London School of Economics and
College faculty
The Nobel Prize in Economics for 2025 has been awarded to French economist Philippe Aghion, along with Joel Mokyr and Peter Howitt, for their groundbreaking research on the impact of innovation on long-term economic growth. Their work, centered on the concept of "creative destruction," highlights the importance of
Economic growth
Joel Mokyr, the Robert H. Strotz Professor of Arts and Sciences and professor of economics and history at Northwestern University, was awarded the Nobel Prize in Economic Sciences for his theory on sustained economic growth. Mokyr identified three crucial requisites for growth: useful knowledge, mechanical competence, and institutions conducive to
Economic growth
Nobel laureates Joel Mokyr, Philippe Aghion, and Peter Howitt have been recognized for their groundbreaking contributions to understanding the drivers of long-term economic growth. Their research, spanning historical and modern perspectives, has shed light on the critical role of technological progress, knowledge creation, and the cycle of innovation and obsolescence
Economic conditions
As the US economy navigates through a period of uncertainty, economists warn that it is edging closer to stagflation - a scenario where stagnant growth combines with inflation of prices. Recent data suggests that hiring has slowed down, and inflation has started to creep up, despite initial job figures showing
College faculty
The explosion of research papers generated by artificial intelligence (AI) tools has become a major concern in the field of public health and science. The use of AI to produce papers with convincing but misleading health claims is a growing threat, and experts warn that it could be used to
