Nobel Prize In Economics 2025 Awarded To Joel Mokyr, Philippe Aghion, And Peter Howitt

The Nobel Prize In Economics 2025 was awarded to three economists — Joel Mokyr, Philippe Aghion and Peter Howitt—on Monday, October 13. In a social media post on X, the Royal Swedish Academy of Sciences announced that the award was granted in Memory of Alfred Nobel to the trio.

Joel Mokyr, who was recognised for having identified the prerequisites for sustained growth through technological progress” is working at Northwestern University, Evanston, IL, USA.

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The other half of the award is jointly with Philippe Aghion, serving at Collège de France and INSEAD, Paris, France, The London School of Economics and Political Science, UK and Peter Howitt workig at Brown University, Providence, RI, USA for the theory of sustained growth through creative destruction, according to the Nobel Committee statement.

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BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr… pic.twitter.com/ZRKq0Nz4g7

— The Nobel Prize (@NobelPrize) October 13, 2025

Formally known as the Sveriges Riksbank Prize, the Nobel Prize in Economic Sciences is in Memory of Alfred Nobel. The Swedish central bank established it in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist who invented dynamite and established the five Nobel Prizes.