Overview

• The Nobel Committee in Stockholm named the trio as laureates on 13 October 2025.
• The award totals 11 million Swedish kronor, with half to Joel Mokyr and the remainder shared by Philippe Aghion and Peter Howitt.
• The citation credits Mokyr with identifying conditions for sustained growth via technological progress, while Aghion and Howitt formalized growth through creative destruction.
• Committee chair John Hassler said economies must uphold the mechanisms of creative destruction to avoid stagnation.
• The formal ceremony is set for 10 December in Stockholm, and the winners are based at Northwestern University, Collège de France/INSEAD/LSE, and Brown University.