A new, prestigious international award has been granted to Professors and Researchers of the Sant'Anna School. The study, conducted by Raffaele Danna (Research Fellow at the Institute of Economics), Martina Iori (Assistant Professor at the Institute of Economics and an EMbeDS [LINK] recruit) and Andrea Mina (Full Professor at the Institute of Economics and associate scientific coordinator of EMbeDS), won the "Best Paper Award" at the DRUID2022 Conference, which recently concluded in Copenhagen.
The conference, during which the award was given to the study "A numerical revolution: the diffusion of practical mathematics and the growth of pre-modern European economies," is considered one of the most prestigious global venues for studies on innovation and industrial dynamics, and attracts academics from around the world every year since 1995.
The award-winning paper focuses on the role of knowledge transmission in history and provides new evidence about the positive impact caused by the circulation of Hindu-Arabic numerals on economic growth in pre-modern Europe. The study builds on data about arithmetic manuals of the time, outlining how their diffusion in dedicated schools revolutionized commercial practices and transformed the economic systems of European cities.