Monday, October 13, 2025

THE POWER OF TRIAD: Three Creative Destruction Theorists Win Nobel Prize in Economic Sciences

CATCH-PHRASE: Innovation-Driven Growth and Creative Destruction
Award breakdown
The prize money was divided in two parts: 
  1. Joel Mokyr was awarded half of the 11 million Swedish kronor prize ($1.2 million) "for having identified the prerequisites for sustained growth through technological progress".
  2. Philippe Aghion and Peter Howitt shared the other half of the prize for their work on the theory of "sustained growth through creative destruction".
Nobel Prize in Economic Sciences 2025 Winners: Joel Mokyr, Philippe Aghion and Peter Howitt Win Nobel Award for Explaining 'Innovation-Driven Economic Growth' | 🔬 LatestLY 
 
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