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Joel Mokyr, Philippe Aghion and Peter Howitt have been awarded this year’s Nobel Memorial Prize in Economic Sciences. The three are sharing 11 million Swedish kronor, over a million dollars, after being recognised for their work in the area of “innovation-driven economic growth”. But why does this area matter and what did the three economists actually do? Presenter Tim Harford explains it all. If you’ve seen a number in the news you think we should take a look at, let us know: moreorless@bbc.co.uk Presenter: Lizzy McNeill Reporter: Tim Harford Series producer: Tom Colls Sound engineer: Donald MacDonald Editor: Richard Vadon (Image credit: Johan Jarnestad/The Royal Swedish Academy of Sciences)
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