Philippe Aghion
Nobel Economist Peter Howitt Warns of AI's Dual Impact on Employment and Innovation
Oct 14, 2025 07:08 am CST
Nobel Prize winner Peter Howitt cautions that artificial intelligence requires regulation despite its revolutionary potential, highlighting the economic theory of "creative destruction" where technological advancement simultaneously creates opportunities and eliminates jobs. Fellow laureates Philippe Aghion and Joel Mokyr offer complementary perspectives on how emerging technologies reshape labor markets and drive sustained economic growth.
2025 Nobel Economics Prize Awarded to Mokyr, Aghion and Howitt for Innovation-Driven Growth Research
Oct 13, 2025 06:06 pm CST
The 2025 Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Aghion and Peter Howitt for their groundbreaking research explaining innovation-driven economic growth. The Royal Swedish Academy of Sciences highlighted how their work demonstrates that economic growth cannot be taken for granted, as stagnation has been the historical norm throughout human history. Their research provides crucial insights into identifying and counteracting threats to sustained economic development.