The Royal Swedish Academy of Sciences Award (Nobel Economics) Award for 2025 were awarded three economists today.
The American Israeli Joel Mocir, the Frenchman Philip Angion and the Canadian Peter Hovitt (Joel Mokyr, Philippe Agion and Peter Howitt) were honored “for the explanation of the economic growth driven by innovation”.
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The Royal Swedish Academy of Sciences Has Decided to Award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “For Having Explained Innovation-Driven Economic Growth ”with one half to Mokyr… pic.twitter.com/zrkq0nz4G7– The Nobel Prize (@nobelPrize) October 13, 2025
Half award is awarded to the 79 -year -old Mocir “to recognize the conditions for sustainable development through technological progress” and the other half is jointly awarded to 69 -year -old Angion and 79 -year -old Hovovit, “for the theory of preserved development through creative disaster”.
“Our award -winning taught that sustainable development cannot be taken for granted. Economic stagnation, not growth, was the rule in most of human history. Their job shows that we need to know the threats to continue progress and react to them, “the Academy said.
This award is the last of this year’s Nobel Prize. It is accompanied by a monetary prize of 11 million Swedish crown ($ 1.2 million).
Source :Skai
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