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The Nobel fetish: Eurocentric foundations for innovation-driven growth

By: Kvangraven, Ingrid Harvold.
Material type: materialTypeLabelBookPublisher: Economic & Political Weekly Description: 60(45), 8 Nov, 2025: p.26-29. In: Economic & Political WeeklySummary: The theoretical orientation of this year’s Nobelists, Joël Mokyr, Philippe Aghion and Peter Howitt, leads them to separate the study of technological innovations from their social and (global) class context and the political implications of this. As the underlying social relations that enabled the development of capitalism are difficult to deal with and hard to justify, economists instead direct attention to technological development itself as the main driver of growth that needs to be explained. This is the technology fetish.- Reproduced https://www.epw.in/journal/commentary/nobel-fetish.html
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Articles Articles Indian Institute of Public Administration
60(45), 8 Nov, 2025: p.26-29 Available AR137720

The theoretical orientation of this year’s Nobelists, Joël Mokyr, Philippe Aghion and Peter Howitt, leads them to separate the study of technological innovations from their social and (global) class context and the political implications of this. As the underlying social relations that enabled the development of capitalism are difficult to deal with and hard to justify, economists instead direct attention to technological development itself as the main driver of growth that needs to be explained. This is the technology fetish.- Reproduced

https://www.epw.in/journal/commentary/nobel-fetish.html

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