Nobel prize winners' findings are a wake-up call for UK economy

Nobel winner Aghion Philippe was recognized "for the theory of sustained growth"

This year’s Nobel Laureates in economics’ warning that growth cannot be taken for granted must urge the UK to act, writes Ben Ramanauskas

Economic growth. Most people understand that it’s important and our politicians are eager to convince us that they can deliver it. But how can we actually achieve sustained economic growth? This year’s Nobel Laureates in economics have shown that sustained economic growth is not inevitable. This should serve as a wake-up call for UK policy makers.

The Prize was awarded to Joel Mokyr, Philippe Aghion and Peter Howitt for, in the words of the Nobel Committee, “having explained innovation-driven economic growth”.

Mokyr did this by demonstrating that you need borth huge brea