13
Oct
Stockholm, October 13, 2025 — The 2025 Nobel Prize in Economic Sciences has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking contributions to understanding innovation-driven economic growth. The Royal Swedish Academy of Sciences announced the decision, highlighting the trio’s influential research on how technological progress and creative destruction fuel long-term prosperity.Joel Mokyr, a professor at Northwestern University, was recognized for his historical analysis of how scientific thinking and cultural openness enable societies to sustain innovation. His work explains why economic progress accelerated during the Industrial Revolution and how knowledge-based institutions promote continuous technological change.Philippe Aghion…