-STOCKHOLM, SWEDEN — OCT. 13, 2025: The 2025 Nobel Prize in economics has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt, according to the Royal Swedish Academy of Sciences on Monday, Oct. 13. The academy stated that economists were awarded “for having explained innovation-driven economic growth,” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress,” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.” Mokyr, a professor of economics and history at Northwestern University, researches the economic history of Europe and specializes in the period 1750-1914. Aghion, a professor at the College de France and at the London School of Economics, focuses on the economics of growth. Howitt is a professor of economics at Brown University, and most of his research has been in the area of macroeconomics and monetary economics.