Overview

• The Royal Swedish Academy awarded the 2025 prize to Joel Mokyr, Philippe Aghion and Peter Howitt for research showing that technological innovation and creative destruction power long‑term growth.
• Joel Mokyr receives half of the SEK 11 million award, with Aghion and Howitt sharing the other half, and the formal presentation is set for December 10 in Stockholm.
• In a France 2 interview on Monday night, Aghion urged stopping the pension‑age timetable at 62 years and 9 months until the next presidential election.
• He reiterated opposition to Gabriel Zucman’s proposed minimum wealth tax, calling to shield productive assets and innovators while targeting abuses in family holdings.
• Aghion warned that Europe must preserve openness and invest in high‑tech innovation to avoid losing technological leadership to the United States and China.