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.