Nobel Prize

First reactions. Telephone interview, October 2025 “It’s fantastic, Peter, isn’t that great? Yes!” Listen to Philippe Aghion telling Peter Howitt that the Royal Swedish Academy of Sciences has been attempting to call him, captured as part of this call made shortly after the public announcement of their joint 2025 economic sciences prize. In this conversation…

Economic sciences laureates 2025: Philippe Aghion, Joel Mokyr and Peter Howitt. Portrait of Philippe Aghion. Professor Aghion during a lecture at Collège de France.

Economic sciences laureates 2025: Philippe Aghion, Joel Mokyr and Peter Howitt. Portrait of Joel Mokyr. Joel Mokyr checks his emails from his home office the day of the prize announcement, 13 October 2025. Joel Mokyr being interviewed at his home on the day of the prize announcement, 13 October 2025. Joel Mokyr walks Northwestern University’s…

First reactions. Telephone interview, October 2025 “I’m still trying to absorb it” “I had a whole list of people that I thought were going to win,” says Joel Mokyr, “And I wasn’t on it.” Waking early, he opened up his computer to find out who had been awarded the 2025 prize in economic sciences, and…

Watch the announcement of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 presented by professor Hans Ellegren, Secretary General of the Royal Swedish Academy of Sciences on 13 October 2025. Interview about the awarded work “The prize helps us understand the good news of technological change and potential threats” Kerstin…

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From stagnation to sustained growth Over the past 200 years, the world has witnessed more economic growth than ever before. Its foundation is the constant flow of technological innovation; sustained economic growth occurs when new technologies replace old ones as part of the process known as creative destruction. This year’s laureates in economic sciences explain,…

Scientific background