Overview
- Analyses following the award to Joel Mokyr, Philippe Aghion and Peter Howitt emphasize applying their innovation-centric research to concrete policy choices rather than revisiting the prize itself.
- Mokyr’s distinction between propositional and prescriptive knowledge is cited to argue for stronger science and analytical education and better linkages between theorists and practitioners.
- Aghion–Howitt’s creative destruction model informs recommendations to align competition policy with innovation goals and to consider public support for private-sector R&D where market investment falls short.
- Writers apply these lessons to Pakistan and India by urging improved education quality, openness and antitrust enforcement, expanded retraining for displaced workers, and support for private R&D, including in sustainability.
- An ecological economics perspective urges embedding environmental constraints and natural-capital valuation into growth policy, highlighting tools such as ecosystem service pricing and examples from watershed protection and Chinese policy shifts.