Joel Mokyr Wins 2025 Nobel Prize in Economics for Work on Ideas, Culture, and Technological Progress
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Summary
Economic historian Joel Mokyr, along with Philippe Aghion and Peter Howitt, won the 2025 Nobel Prize in Economic Sciences for their work explaining how ideas and culture generate compounding technological progress that sustains economic growth. Mokyr's research builds on Robert Solow's understanding that innovation drives long-run economic growth, but goes further by explaining why some societies innovate more successfully than others, focusing on the cultural and intellectual prerequisites for sustained technological advancement.
Key quotes
· 3 pulledEconomic historian Joel Mokyr's work explains how ideas and culture generate compounding technological progress that can accumulate and sustain economic growth.
He, along with Philippe Aghion and Peter Howitt, won the 2025 Nobel Prize in Economic Sciences for 'having identified the prerequisites for sustained growth through technological progress.'
Since the work of Robert Solow, economists have understood that innovation is the driver of long-run economic growth. But explaining innovation—that is, explaining why some societies a
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