 "Viksit Bharat")
Last week, Joel Mokyr, Philippe Aghion, and Peter Howitt were honoured with The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Mr Mokyr has argued that societies flourish when they nurture, develop and spread “useful knowledge”, among other things. Mr Aghion and Mr Howitt explain how such knowledge can be highly productive when it unleashes competition, destruction and regeneration. Together, they elucidate why certain countries continue to grow for very long periods of time.
Can India learn from the framework of economic progress as described by Mr Mokyr? India’s policymakers have no shortage
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