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Professor John Hassler, from left, Hans Ellegren, Permanent Secretary of the Academy of Sciences and Professor Kerstin Enflo, announce Joel Mokyr, Philippe Aghion and Peter Howitt as the recipients of the Nobel Memorial Prize in Economics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday, Oct. 13, 2025. (Anders Wiklund/TT News Agency via AP) STOCKHOLM, Sweden — Joel Mokyr, Philippe Aghion, and Peter Howitt won the Nobel Memorial Prize in Economics on Monday for their research into the impact of innovation on economic growth and how new technologies replace older ones, a key economic concept known as “creative destruction.”
The winners represent contrasting but complementary approaches to economics. Mokyr is an economic…
