Joel Mokyr, Philippe Aghion, and Peter Howitt won the 2025 Nobel Prize in Economics for their pioneering research on innovation-driven growth.

The Royal Swedish Academy of Sciences awarded the trio for their contributions to understanding how technological progress fuels long-term economic development. Their work challenged traditional models and emphasized the role of innovation, entrepreneurship, and policy in shaping prosperity.

Mokyr, a professor at Northwestern University, explored how cultural and institutional factors influence technological adoption. Aghion, affiliated with the Collège de France and the London School of Economics, developed models showing how competition and education impact innovation. Howitt, from Brown University, collaborated with Aghion to build the Schumpet

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