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Nobel Prize in Economic Sciences Goes to Aghion, Mokyr and Howitt for Innovation‑Driven Growth

The award recognizes research that places innovation-led creative destruction at the core of long‑term growth.

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Philippe Aghion est l'un des trois lauréats du prix Nobel d'économie 2025.
Un Français parmi les trois lauréats du Prix Nobel d’économie 2025
Philippe Aghion, lauréat du prix Nobel d'économie

Overview

  • The Royal Swedish Academy cited Joel Mokyr for identifying conditions for sustained growth through technological progress, while Philippe Aghion and Peter Howitt were honored for their theory of growth driven by creative destruction.
  • The prize totals SEK 11 million, with half awarded to Mokyr and the other half shared by Aghion and Howitt.
  • Aghion urged Europe to preserve openness and invest in innovation, warning against surrendering technological leadership to the United States and China.
  • French President Emmanuel Macron praised Aghion’s win as a national point of pride, marking France’s first economics Nobel since Esther Duflo in 2019.
  • The announcement closes the 2025 Nobel season, with medals and prize money to be presented in Stockholm on December 10.