In many parts of the world, building a house or farming a field means taking out loans, hiring contractors, and dealing with financial stress. But in Kenya, a time-tested system of mutual aid—where ...

The Nobel Prize in economics was awarded to a trio of researchers Monday for their work on how cycles of technological innovation feed economic growth. Joel Mokyr of Northwestern University, Peter ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the prize for showing how “society must keep an eye on the factors that generate and sustain economic growth,” an award committee member said. By Eshe ...