On October 13, 2025, the Nobel Prize in Economics was awarded during a ceremony held at the Royal Swedish Academy of Sciences in Stockholm. This year, the prestigious award recognized the innovative research on the influence of new technologies on economic growth.
2025 Nobel Prize in Economics Awardees
The Nobel Prize in Economics was conferred to three distinguished scholars:
- Joel Mokyr (United States/Israel) – 79 years old
- Philippe Aghion (France) – 69 years old
- Peter Howitt (Canada) – 79 years old
Reasons for the Award
Joel Mokyr received half of the award for identifying essential prerequisites for sustainable growth driven by technological progress. Aghion and Howitt shared the remaining half for their collaborative work on sustainable growth through the concept of creative destruction.
Past Nobel Recipients
This trio follows the previous year’s laureates, who were acknowledged in 2024 for their findings on wealth disparities among nations. The previous winners included:
- Daron Acemoglu (United States/Turkey)
- Simon Johnson (United Kingdom/United States)
- James A. Robinson (United Kingdom/United States)
Overview of the 2025 Nobel Prize Series
The Nobel Prize in Economics is part of a larger series of awards for 2025, which includes several distinguished recipients:
- Peace Prize: Maria Corina Machado (Venezuela)
- Literature: Laszlo Krasznahorkai (Hungary)
- Chemistry: Richard Robson (United Kingdom), Susuma Kitagawa (Japan), Omar M.Yaghi (Jordan)
- Physics: Michel Devoret (France), John Clarke (United Kingdom), John Martinis (United States)
- Medicine: Shimon Sakaguchi (Japan), Mary Brunkow (United States), Fred Ramsdell (United States)
The 2025 Nobel Prize announcements highlight significant contributions to various fields, celebrating remarkable advancements made by researchers around the globe.
