2025 Nobel Economics Prize announced; Details Inside

Stockholm [Sweden], October 13, 2025 (ANI)- The Royal Swedish Academy of Sciences announced on Monday that it has decided to award the Nobel Prize in Economics 2025 to Joel Mokyr, Philippe Aghion, and Peter Howitt "for having explained innovation-driven economic growth."

The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to the trio, with one half awarded to Mokyr "for having identified the prerequisites for sustained growth through technological progress" and the other half jointly to Aghion and Howitt "for the theory of sustained growth through creative destruction."

In short, they show how new technology can drive sustained growth.

The Prize committee said that over the last two centuries, for the

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