13.10.2025 14:27
The 2025 Nobel Prize in Economic Sciences has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on innovation-driven economic growth. The Royal Swedish Academy of Sciences stated that the three economists have clarified the effects of technological development and innovation on economic growth. The $1.2 million prize will be shared among the three recipients.
The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their "explanations of innovation-driven economic growth." The Royal Swedish Academy of Sciences stated that the work of the three economists "clarified the effects of technological developments and innovation on economic growth."
$1.2 MILLION PRIZE
This prestigious award, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was announced last among the Nobel prizes.
The total prize of 11 million Swedish kronor (approximately $1.2 million) will be distributed among the three scientists.