The story so far

The Royal Swedish Academy of Sciences on Monday (October 13, 2025) announced that it had decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, popularly called the Nobel Prize in Economics, to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth”. One half of the prize goes to Mr. Mokyr, while the other half will be divided between Mr. Aghion and Mr. Howitt.

Who are the winners and why were they awarded?

Joel Mokyr was born in 1946 in Leiden, the Netherlands. He completed his PhD in 1974 from Yale University in the U.S., and is currently a professor at Northwestern University. According to the award citation, he won the prize “for having identified the prerequisites for sustai

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