We live in a period of unprecedented innovation, which is a significant departure from most of human history when economic growth was relatively slow.
The Enlightenment marked a turning point, and this year's Nobel Memorial Prize in Economic Sciences was awarded to researchers who studied the role of technological progress in sustained economic growth.
Joel Mokyr, one of the Nobel laureates, shares his work on European economic history, providing valuable insights into the factors that contributed to this growth.
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Author's summary: Innovative times driven by technological progress.