The Nobel Memorial Prize in Economic Sciences for 2025 has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation and economic growth. The Royal Swedish Academy of Sciences announced the award on October 13, marking the final prize of this year’s Nobel season.
According to the Nobel committee, the three economists were recognised “for having explained innovation-driven economic growth.”
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One half of the prize was awarded to Joel Mokyr “for having identified the prerequisites for sustained growth thro
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