Joel Mokyr, Philippe Aghion and Peter Howitt win 2025 Nobel Prize for Economics 😊

Joel Mokyr, Philippe Aghion and Peter Howitt win 2025 Nobel Prize for Economics 😊

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Joel Mokyr, Philippe Aghion and Peter Howitt win 2025 Nobel Prize for Economics
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In 2025, the Nobel Prize in Economics was awarded to economists Joel Mokyr, Philippe Aghion, and Peter Howitt for their contributions to understanding innovation-driven economic growth. Mokyr received half the prize for identifying prerequisites for sustained growth through technological progress, while Aghion and Howitt jointly received the other half for their theory of sustained growth through creative destruction. The prize, formally known as the Sveriges Riksbank Prize in Economic Sciences, has been awarded since 1969.

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