16/10/2025
Huge congratulations to Peter Howitt, Joel Mokyr, and Philippe Aghion for being honored with the 2025 Nobel Prize in Economic Sciences for having explained innovation-driven economic growth!
• Joel Mokyr – Nobel Laureate 2025
Joel Mokyr, born in the Netherlands in 1946, is a Professor of Economics and History at Northwestern University. He received the 2025 Nobel Prize in Economics “for having identified the prerequisites for sustained growth through technological progress.” Mokyr received half of the 11 million SEK prize, while Philippe Aghion and Peter Howitt shared the other half.
His research reveals how innovation, science, and culture interact to drive long-term economic growth. Mokyr emphasizes that technological progress thrives not only through invention but also through open ideas, education, and institutional support.
His current work explores AI and digital technologies, innovation disparities between nations, and how culture and policy shape technological change — connecting the lessons of history to the challenges of a sustainable, innovation-based future.
• Peter Howitt – Nobel Laureate 2025
Peter W. Howitt, a Canadian economist and Professor at Brown University, jointly received the 2025 Nobel Prize in Economics with Philippe Aghion “for the theory of sustained growth through creative destruction.”
His recent research focuses on how competition drives innovation, how education and finance shape growth, and how sustainability and policy can support long-term, innovation-based prosperity.
• Philippe Aghion – Nobel Laureate in Economics 2025
Philippe Aghion, born in Paris in 1956, has been awarded the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, jointly with Peter Howitt, “for the theory of sustained growth through creative destruction.”
Aghion, currently affiliated with the Collège de France, INSEAD, and the London School of Economics, shares the other half of the 11 million SEK prize with Howitt.
His research revolutionized understanding of how innovation and competition drive long-term economic growth. Looking ahead, Aghion’s work focuses on innovation policy, AI and employment, industrial policy, and open-source AI — exploring how technological change and smart policy can foster inclusive, green, and sustainable growth in the modern economy.
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