New Delhi, Oct. 13 -- Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 for their contributions to innovation-driven economic growth. Mokyr's share recognises his work on technological progress, while Aghion and Howitt are honoured for their theory on creative destruction.

Born on 26 July 1946, Mokyr is affiliated with Northwestern University, Evanston, at the time of the award. He has been honoured "for having identified the prerequisites for sustained growth through technological progress."

Joel Mokyr researches Europe's economic history, focusing on 1750-1914. He is a member of the American Academy of Arts and Sciences, the Econometric ...