The 2025 Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt.

The 2025 Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt .

The Nobel Committee reported this.

Scientists have praised it for explaining innovation-driven economic growth.

In particular, Joel Mokyr received the prize for identifying the preconditions for sustainable growth through technological progress, and Philippe Aghion and Peter Howitt for the theory of sustainable growth through creative destruction.