2025 Nobel Prize in Economic Sciences Awarded to Innovation Scholars
Northwestern’s Joel Mokyr and LSE’s Philippe Aghion with Brown’s Peter Howitt received the 2025 Nobel Prize in Economic Sciences for groundbreaking work on innovation-driven growth. Their research explains how technological progress and creative destruction fuel sustainable economic development. The awards highlight the critical role of innovation in preventing economic stagnation.
The 2025 Nobel Prize in Economic Sciences has been awarded to three distinguished scholars for their transformative research on innovation-driven economic growth. Joel Mokyr of Northwestern University, Philippe Aghion of the London School of Economics, and Peter Howitt of Brown University received the prestigious honor for their complementary work explaining how technological advancement and creative destruction sustain long-term economic development.
