2025 Nobel Economics Prize Winners: Mokyr, Aghion, Howitt Honored for Innovation and Creative Destruction Research
Three distinguished economists have been awarded the 2025 Nobel Memorial Prize in Economic Sciences for their transformative research on how innovation and creative destruction fuel economic development. Their work explains the mechanisms behind technological progress and economic transformation that have lifted billions from poverty.
Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Nobel economics prize for their pioneering research on how innovation and the forces of “creative destruction” drive economic growth, the Royal Swedish Academy of Sciences announced Monday. The prestigious award recognizes decades of work explaining how technological advancement transforms economies and improves global living standards.