Overview

• The Royal Swedish Academy honored Joel Mokyr for identifying conditions for technology-led growth and jointly recognized Philippe Aghion and Peter Howitt for formalizing creative destruction, with Mokyr receiving half the prize and Aghion and Howitt sharing the remainder.
• On France 2, Aghion proposed halting the step-up of the retirement age at 62 years and 9 months until the next presidential election, describing the pause as a way to calm tensions without major cost.
• Aghion warned that Europe risks falling behind the United States and China without openness and sustained investment in high-tech innovation and supportive financial ecosystems.
• He reiterated opposition to the proposed Zucman minimum wealth tax, arguing it could penalize innovators and encourage fiscal exile, while favoring measures that spare productive assets.
• Emmanuel Macron hailed Aghion as a source of national pride on X, and the SEK 11 million award will be formally presented at the December 10 Nobel ceremony in Stockholm.