Mokyr, Aghion, and Howitt Win 2025 Nobel in Economics for Innovation Research

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Source: NobelPrize.org
Mokyr, Aghion, and Howitt Win 2025 Nobel in Economics for Innovation Research
Photo: NobelPrize.org
TL;DR Summary

The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work explaining how technological innovation and creative destruction drive sustained economic growth, emphasizing the importance of useful knowledge, societal openness to change, and the dynamic process of innovation and competition.

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