The Royal Swedish Academy of Sciences has announced the winners for the Nobel Prize in Economics for 2025. The esteemed prize has gone to professors Joel Mokyr, Philippe Aghion, and Peter Howitt for explaining the link between new technology and sustained economic growth, the science academy said in a statement on Monday. This wraps up the 2025 Nobel Prize announcements, with the winners in other categories already declared over the past days.

What did the Royal Swedish Academy say?

The Royal Swedish Academy of Sciences said in its statement posted on social media: "Over the last two centuries, for the first time in history, the world has seen sustained economic growth. This has lifted vast numbers of people out of poverty and laid the foundation of our prosperity." It added: "This year’

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