In the last 200 years, we have, for the first time in world history, seen sustained economic growth. The 2025 economic sciences laureates, Joel Mokyr, Philippe Aghion and Peter Howitt, have in different ways explained how this trend has been possible and what it needs to continue. The laureates have shown that technological innovation, useful knowledge and creative destruction lead to steady growth.
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Slideshow or text for students (10 minutes)
Choose whether you want to show the slideshow and talk about the prize with the support of the speaker’s manuscript, or let the students read the text on their own.
Video with Nobel expert (2 minutes)
Show the video with an expert explaining the benefits of the prize-awarded work.
Student assignment (5-10 minutes)
Finish by having the students carry out one of the following assignments:
Summarise the prize in your own words, in pairs or smaller groups.
Write down a reason (citation) for being awarded the prize: “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 is awarded [the names of the laureates] for their [reason for being awarded the prize]. The citation should be one sentence long.
Explain what the following terms mean: growth, stagnation, innovation, creative destruction.
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Links for further information
Press release about the economic sciences prize 2025
Popular information about the economic sciences prize 2025
Watch the press conference including a presentation of the prize awarded work (YouTube video)