The 2025 Sveriges Riksbank Prize was to Joel Mokyr, Philippe Aghion, and Peter Howitt for their research on innovation-driven economic growth. Mokyr was honored for his contributions to technology, while Aghion and Howitt were honored for their theories of creative destruction.
In recognition of their contributions to innovation-driven economic growth, Joel Mokyr, Philippe Aghion, and Peter Howitt have been granted the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025. Aghion and Howitt receive recognition for their theories on creative destruction, while Mokyr's share honors his contributions to technical advancement.Joel Mokyr is who?
At the time of the award, Mokyr, who was born on July 26, 1946, was a student at Northwestern University in Evanston. "For having identified the prerequisites for sustained growth through technological progress," he has received recognition.
Joel Mokyr studies the economic history of Europe from 1750 to 1914. He holds memberships in the British Academy, the Italian Accademia dei Lincei, the Dutch Royal Academy, the American Academy of Arts and Sciences, the Econometric Society, and the Cliometric Society.
He co-edited the Journal of Economic History, edited the Oxford Encyclopedia of Economic History, and presided over the Economic History Association. He was given the Royal Dutch Academy of Sciences' Heineken Award for History in 2006, which is given every two years, and the Balzan International Prize for Economic History in 2015.
Mokyr has overseen more than forty PhD theses in the history and economics departments.
He co-edited the Journal of Economic History, edited the Oxford Encyclopedia of Economic History, and presided over the Economic History Association. He was given the Royal Dutch Academy of Sciences' Heineken Award for History in 2006, which is given every two years, and the Balzan International Prize for Economic History in 2015.
Mokyr has overseen more than forty PhD theses in the history and economics departments.
Peter Howitt is who?
"For the theory of sustained growth through creative destruction," Peter Howitt received the Nobel Prize.
Peter Howitt is the Lyn Crost Professor of Social Sciences and an economics professor at Brown University. He taught at Ohio State University from 1996 to 2000 and the University of Western Ontario from 1972 to 1996.
His study mostly focuses on monetary and macroeconomic economics. He had a significant role in the creation of the contemporary "Schumpeterian" theory of economic growth. He has published a great deal about Canadian monetary policy and aggressively sought for new theoretical underpinnings in macroeconomics and monetary theory.
"For the theory of sustained growth through creative destruction," Peter Howitt received the Nobel Prize.
Peter Howitt is the Lyn Crost Professor of Social Sciences and an economics professor at Brown University. He taught at Ohio State University from 1996 to 2000 and the University of Western Ontario from 1972 to 1996.
His study mostly focuses on monetary and macroeconomic economics. He had a significant role in the creation of the contemporary "Schumpeterian" theory of economic growth. He has published a great deal about Canadian monetary policy and aggressively sought for new theoretical underpinnings in macroeconomics and monetary theory.
Philippe Aghion is who?
Philippe Aghion was born on August 17, 1956. He is a visiting professor at the London School of Economics, a professor at the Collège de France and INSEAD, and a fellow of the American Academy of Arts and Sciences and the Econometric Society. For "the theory of sustained growth through creative destruction," he was awarded the Nobel Prize in Economics.
The economics of growth is the focus of his research. He co-developed the Schumpeterian Growth paradigm with Peter Howitt, which was subsequently applied to the analysis of growth policy design and the function of the state in the growth process.
Philippe Aghion was born on August 17, 1956. He is a visiting professor at the London School of Economics, a professor at the Collège de France and INSEAD, and a fellow of the American Academy of Arts and Sciences and the Econometric Society. For "the theory of sustained growth through creative destruction," he was awarded the Nobel Prize in Economics.
The economics of growth is the focus of his research. He co-developed the Schumpeterian Growth paradigm with Peter Howitt, which was subsequently applied to the analysis of growth policy design and the function of the state in the growth process.
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