Joel Mokyr, Philippe Aghion and Peter Howitt win Nobel Prize In Economics 2025

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Joel Mokyr, Philippe Aghion and Peter Howitt have won the Nobel Prize in Economics 2025 “for showing how new technology can drive sustained growth”, according to The Royal Swedish Academy of Sciences.

Joel Mokyr, Philippe Aghion and Peter Howitt, winners of the Nobel Prize in Economics 2025. (Nobel)

“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,” the Academy said in a press statement on Monday.

“This year’s laureates in economic sciences — Joel Mokyr, Philippe Aghion and Peter Howitt — explain how innovation provides the impetus for further progress.”

Nobel Prize In Economics 2025

Here's a quick look at the winners, who they are and what they do:

Joel Mokyr: Professor at Northwestern University, Evanston, IL, USA

Philippe Aghion: Professor at the Collège de France and INSEAD, Paris

Peter Howitt: Lyn Crost Professor of Social Sciences at Brown University

While one of the Economics Nobel went to Mokyr “for having identified the prerequisites for sustained growth through technological progress”, the other half went jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction”.

This is a developing story.

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