Merchandise 1 of 6 The Nobel Prize in Economics 2025 is awarded to Joel Mokyr, Northwestern College, Evanston, Illinois, U.S., Philippe Aghion, Faculty de France and INSEAD, Paris, France, and The London College of Economics and Political Science, UK, and Peter Howitt, Brown College, Windfall, Rhode Island, U.S., The Sveriges Riksbank Prize in Financial Sciences in Reminiscence of Alfred Nobel, the Nobel Prize in Financial Sciences 2025, is introduced throughout a press convention on the Royal Swedish Academy of Sciences in Stockholm, Sweden on Monday 13 October 2025. Professor John Hassler, Chairman of the Committee for the Prize in Financial Sciences in Reminiscence of Alfred Nobel, Hans Ellegren, Everlasting Secretary of the Academy of Sciences and Professor Kerstin Enflo, Member of the Committee for the Prize in Financial Sciences in Reminiscence of Alfred Nobel. Anders Wiklund/TT Information Company/through REUTERS
STOCKHOLM, Oct 13 (Reuters) – Joel Mokyr, Philippe Aghion and Peter Howitt gained the 2025 Nobel economics prize on Monday for his or her work on how innovation and the forces of “inventive destruction” can drive financial progress and elevate residing requirements throughout the globe.
Their analysis explains how know-how offers rise to new merchandise and manufacturing strategies which exchange previous ones, leading to a greater lifestyle, well being and high quality of life.
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