The American-Israeli Joel Mokyr, the French Philippe Aghion and the Canadian Peter Howitt were announced this Monday as winners of the Nobel Prize in Economics for his work on the impact of technology on growth.
Mokyr, 79, was honored “for having identified the prerequisites for the sustained growth through technological progress”, while Aghion, 69, and Howitt, 79, shared the distinction “for the theory of sustained growth through creative destruction”, indicated the Royal Swedish Academy of Sciences.
Over the last two centuries, for the first time in history, the world has seen sustained economic growth. This has lifted vast numbers of people out of poverty and laid the foundation of our prosperity. This year’s laureates in economic sciences, Joel Mokyr, Philippe Aghion and… pic.twitter.com/TJ13YXRSg3
— The Nobel Prize (@NobelPrize) October 13, 2025
John Hassler, chair of the award committee, explained that the work of these three scientists answers questions about how technological innovation drives growth and how sustained growth can be maintained.
Mokyr, a professor at Northwestern University in the United States, “used historical sources to discover how the causes of sustained growth became the new normal,” the jury said in a statement.
Aghion and Howitt examined the concept of “creative destruction,” which refers to the process in which “a new, better product enters the market” and “companies selling the old products lose out.”
The Economics award is the only award that is not among the five originals created by the Swedish scientist Alfred Nobel, who died in 1896, highlights a report by AFP.
The week passed
Today’s distinction puts end to a week of announcements. In it, awards were given for research on the human immune system, the practical applications of quantum mechanics and the development of new forms of molecular architecture, in the sections Medicine, Physics and Chemistry.
Hungarian László Krasznahorkai wins the 2025 Nobel Prize in Literature
The Literature prize went to the Hungarian writer Laszlo Krasznahorkai, whose works explore dystopian themes and related to melancholy, while the Venezuelan opposition figure María Corina Machado received the Nobel Peace Prize.
The winners will receive their prizes in Stockholm and Oslo on December 10.
