Nobel Economist Peter Howitt Warns of AI's Dual Impact on Employment and Innovation

Oct 14, 2025 07:08 am CST

Nobel Prize winner Peter Howitt cautions that artificial intelligence requires regulation despite its revolutionary potential, highlighting the economic theory of "creative destruction" where technological advancement simultaneously creates opportunities and eliminates jobs. Fellow laureates Philippe Aghion and Joel Mokyr offer complementary perspectives on how emerging technologies reshape labor markets and drive sustained economic growth.