Creative Destruction Theorists Win Nobel Prize for Economics
A screen displaying the 2025 Nobel Prize for economics prize winners Joel Mokyr, Philippe Aghion and Peter Howitt, in Stockholm, on Oct. 13.
Photographer: Anders Wiklund/TT News Agency/AFP/Getty Images
Three academics from both sides of the Atlantic will share the 2025 Nobel Prize for economics for their work on the role of innovation in generating economic expansion.
Joel Mokyr of Northwestern University, Philippe Aghion of the London School of Economics and INSEAD in Paris, and Peter Howitt at Brown University were named as this year’s recipients in a presentation in Stockholm on Monday that covered their collective efforts in identifying what drives growth, and how creative destruction helps with that.