Celebrating the architects of “creative destruction,” the trio sheds light on how innovation fuels economic progress and reshapes industries The 2025 Nobel Memorial Prize in Economic Sciences has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking research on the role of innovation in economic growth. The laureates have provided profound insights into how new technologies replace older ones, a concept famously described as “creative destruction.” Representing complementary approaches to economics, the winners bring both historical depth and mathematical rigor to the field. Dutch-born Joel Mokyr, 79, an economic historian at Northwestern University, explored long-term trends … Continue reading Nobel Prize in Economics Awarded to Mokyr, Aghion, and Howitt for Pioneering Research on Innovation-Driven Growth