Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 for their contributions to innovation-driven economic growth. Mokyr's share recognises his work on technological progress, while Aghion and Howitt are honoured for their theory on creative destruction.

Who is Joel Mokyr?

Born on 26 July 1946, Mokyr is affiliated with Northwestern University , Evanston, at the time of the award. He has been honoured “for having identified the prerequisites for sustained growth through technological progress."

He has served as President of the Economic History Association, edited the Oxford Encyclopedia of Economic History, and co-edited the Journal of Economic History. In 2006, he received the Heineken Awa

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