Joel Mokyr, Philippe Aghion, Peter Howitt get Nobel Prize in Economics for innovation-driven growth research

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.

They were awarded 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.”

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