2025 Nobel Prize in Economics Awarded for Research on Innovation-Driven Growth
By
k2enemy
A respectable bake. You'd come back tomorrow for another.
Summary
The 2025 Sveriges Riksbank Prize in Economic Sciences was awarded to three economists for their work explaining innovation-driven economic growth. Joel Mokyr received half the prize for identifying prerequisites for sustained growth through technological progress, while Philippe Aghion and Peter Howitt jointly received the other half for their theory of sustained growth through creative destruction. The award recognizes their fundamental contributions to understanding how innovation drives long-term economic development.
Key quotes
· 3 pulledThe Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded 'for having explained innovation-driven economic growth'
One half to Joel Mokyr 'for having identified the prerequisites for sustained growth through technological progress'
The other half jointly to Philippe Aghion and Peter Howitt 'for the theory of sustained growth through creative destruction'
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