Earth SciencesEconomics

Nobel Economics Prize Honors Research on Technology, Innovation and Economic Growth

Three distinguished economists have been awarded the 2025 Nobel Prize in Economics for their transformative work on how scientific innovation and market competition drive economic growth. Their research provides crucial insights into the mechanisms of technological progress and creative destruction that shape modern economies. The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to three pioneering researchers whose work fundamentally explains how technological innovation and scientific advancement drive sustained economic growth. The award recognizes decades of research that has transformed our understanding of the relationship between knowledge creation, market competition, and economic development.

Meet the 2025 Nobel Laureates in Economics

Economy and TradingInnovation

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.

Groundbreaking Research on Economic Transformation