DEVELOPING: Nobel Committee Announces Groundbreaking Prize for Tech Growth Pioneers

BREAKING NEWS: Nobel Committee Announces Groundbreaking Prize for Tech Growth Pioneers The Royal Swedish Academy of Sciences has announced the winners of the 2025 Nobel Memorial Prize in Economic Sciences, a groundbreaking honor that recognizes pioneering work on the relationship between technology and economic growth. The prize was awarded to American-Israeli Joel Mokyr, France's Philippe Aghion, and Canada's Peter Howitt. The immediate impact of this announcement is significant, as it sheds new light on the crucial turning point in human history known as the Industrial Revolution. According to the Nobel Committee, the winners' research has provided a deeper understanding of why economic growth accelerated after 1800, leaving stagnation behind. Background context suggests that the Industrial Revolution marked a pivotal moment in human progress, transforming economies and living standards worldwide. However, the exact reasons for this transformation remained unclear until now. The current status is that the Nobel Committee's decision has sparked widespread interest among economists, historians, and policymakers. The winners are expected to receive their prize at a ceremony in Stockholm later this year. This is a developing story, with further details and reactions emerging as the news unfolds. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*