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Technology-driven growth — the topic that won three economists the 2025 Nobel Prize — is a big deal! Throughout the vast majority of human history, living standards and per capita income were relatively unchanged, even despite breakthrough inventions and discoveries like fire, agriculture, and the printing press. Only in the late 1700s and early 1800s did sustained economic growth begin to occur, and economists have shown that most of this sustained growth happens purely because of increases in productivity.