By KOSTYA MANENKOV and MIKE CORDER, Associated Press STOCKHOLM (AP) — Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ones, a key economic concept known as “creative destruction.” The winners represent contrasting but complementary approaches to economics. Mokyr is an economic historian who delved into long-term trends using historical sources, while Howitt and Aghion relied on mathematics to explain how creative destruction works. Professor John Hassler, from left, Hans Ellegren, Permanent Secretary of the Academy of Sciences and Professor...
Monday 13 October 2025
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Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth
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