Nobel Prize in Economics 2025:
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking contributions to understanding innovation-driven economic growth. Their work explains how technological progress and creative destruction have transformed economies from stagnation to sustained prosperity over the past two centuries.
- Joel Mokyr : Northwestern University, USA : Research – Prerequisites for sustained growth through technological progress
- Philippe Aghion : Collège de France, INSEAD (France), London School of Economics (UK) : Research – Theory of sustained growth through creative destruction
- Peter Howitt Brown University, USA : Research- Theory of sustained growth through creative destruction (jointly with Aghio
