Nobel prize in Economics: Trio get award for work on threats to ‘economic stagnation’

The Royal Swedish Academy of Sciences honored Joel Mokyr, Philippe Aghion, and Peter Howitt with the 2025 Nobel Memorial Prize in Economic Sciences. Their groundbreaking work explains how innovation drives sustained economic growth, a phenomenon that has lifted millions out of poverty. This recognition highlights their significant contributions to understanding long-term prosperity through technological progress and creative destruction.