The 2025 Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth”, the Nobel Prize committee announced on Monday (October 13).

“The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.” #NobelPrize”, stated a post on the official X handle of Nobel Prize.

Mokyr is from Northwestern Universi

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