Nobel Economics Prize Awarded to Trio for Work on Innovation-Driven Growth

“…sectors in which the rates of creative destruction are high tend to contribute to more rapid growth.” The electricity sector is not such a sector. When privileged utilities were granted monopoly rights a century ago and then pushed into creating massive, highly interdependent grids, the opportunity for creative destruction in the sector has been driven down to almost zero.
“Consumer Regulated Electricity” (CRE) is about embracing a new era in electricity, one in which creative destruction is possible, and more importantly, the rapid growth that comes with it.
https://www.wsj.com/economy/nobel-economics-prize-2025-joel-mokyr-philippe-aghion-peter-howitt-1d26f359?st=R5CE7B&reflink=desktopwebshare_permalink