This month’s Nobel Prize in Economics arrives at an opportune moment. The award to Joel Mokyr, Philippe Aghion and Peter Howitt for having explained innovation-driven economic growth provides a salutary reminder about what drives prosperity. And what does not.

It is rare for an economic historian to win the Nobel Prize. A professor at Northwestern University, Mokyr’s books The Lever of Riches, The Enlightened Economy and A Culture of Growth explain how the Industrial Revolution happened.

To read the article on the NZ Herald website, click here.