Stockholm: Joel Mokyr, Philippe Aghion and Peter Howitt On Monday, October 13, won the 2025 Nobel economics prize in economic sciences. As per the Royal Swedish Academy of Sciences, the three economists got the award for "having explained innovation-driven economic growth."

The award is known as 'The Sveriges Riksbank Prize in Economic Sciences'. As per the Nobel Academy, one half of the coveted prize went to Mokyr "for having identified the prerequisites for sustained growth through technological progress", the other half was awarded jointly to Aghion and Howitt "for the theory of sustained growth through creative destruction", said the Royal Swedish Academy of Sciences.

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The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Econom

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