Trio Wins Nobel Economics Prize for Innovation, Growth, and ‘Creative Destruction’
In a landmark recognition of economic thinking, the 2025 Nobel Prize in Economic Sciences has been awarded to three leading economists—Joel Mokyr, Philippe Aghion, and Peter Howitt—for their pioneering research on how innovation and the process of “creative destruction” drive long-term economic growth. Understanding 'Creative Destruction' The idea of “creative...
