Overview

• The Royal Swedish Academy of Sciences named Joel Mokyr, Philippe Aghion and Peter Howitt as the 2025 laureates on 13 October.
• The official citation recognizes their research explaining how innovation drives long-run economic growth.
• The Economics Prize was created by Sweden’s central bank, Sveriges Riksbank, in 1968 and is awarded by the Royal Swedish Academy of Sciences.
• The recognition went to an Israeli, a Frenchman and a Canadian, underscoring the field’s international reach.
• This prize traditionally concludes the Nobel announcements and is the only Nobel not established by Alfred Nobel’s will.