Prize is awarded to trio of researchers Joel Mokyr, Philippe Aghion and Peter Howitt, for explaining “economic growth driven by innovation”.
The 2025 Nobel Prize in Economics was awarded to American-Israeli Joel Mokyr (USA/Israel), Frenchman Philippe Aghion and Canadian Peter Howitt, the Royal Swedish Academy of Sciences in Stockholm announced this Monday (13/10).
They are honored this year for “explaining economic growth driven by innovation”, said the Nobel committee of the Royal Swedish Academy of Sciences.
Mokyr, 79 years old, won half the prize, of 11 million Swedish kronor (R$6.1 million), “for having identified the prerequisites for sustained growth through technological progress”. Aghion, 69, and Howitt, 79, shared the other half “for the theory of sustained growth through creative destruction,” the committee said.
Mokyr is from Northwestern University, in the USA, Aghion, from the College de France and the London School of Economics, and Howitt, from Brown University, in the USA.
Over the past two centuries, for the first time in history, the world has seen sustained economic growth, the academy said in a press release.
“It has lifted huge numbers of people out of poverty and laid the foundations for our prosperity. This year’s laureates in economic sciences, Joel Mokyr, Philippe Aghion and Peter Howitt, explain how innovation drives progress.”
Mokyr “used historical sources as a means to uncover the reasons why sustained growth has become the new normal,” the jury said in a statement.
Aghion and Howitt then examined the concept of “creative destruction,” which refers to the process that occurs “when a new, better product enters the market, and the companies selling the older products lose out.”
The economics prize is the only Nobel Prize that is not among the five originals created in the will of Swedish scientist Alfred Nobel, who died in 1896.
The economics prize concludes this year’s series of Nobel announcements. The winners in medicine, physics, chemistry, literature and peace were revealed last week.
2024 award went to study on prosperity
Last year, the Nobel Prize in Economics went to US-based researchers Daron Acemoglu, Simon Johnson and James A. Robinson. They were chosen for research into differences in prosperity between nations.
The Turkish-American economist Acemoglu and the two British-American researchers Johnson and Robinson were honored for demonstrating “the importance of social institutions for a country’s prosperity”.
Originally published by DW on 10/13/2025
Source: https://www.ocafezinho.com/2025/10/13/nobel-de-economia-premia-estudo-sobre-inovacao-e-crescimento/
