https://www.taxtmi.com/news?id=58699 The laureates formalised how innovation-driven growth operates through creative destruction, linking idea generation and diffusion to aggregate welfare while showing that market concentration can hinder inventive activity. Their models stress the need for competition, policies that ease entry and financing, and worker mobility and skills support rather than job protection, and note that many welfare-enhancing innovations are undervalued in standard statistics. en-us Tue, 14 Oct 2025 02:01:03 +0530 Tue, 14 Oct 2025 02:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58699 The laureates formalised how innovation-driven growth operates through creative destruction, linking idea generation and diffusion to aggregate welfare while showing that market concentration can hinder inventive activity. Their models stress the need for competition, policies that ease entry and financing, and worker mobility and skills support rather than job protection, and note that many welfare-enhancing innovations are undervalued in standard statistics. News - Tue, 14 Oct 2025 02:01:03 +0530 https://www.taxtmi.com/news?id=58699