Nobel Prize in Economics 2025 winners announced, focusing on role of technology in economic growth
The Royal Swedish Academy of Sciences announced the winners of the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel on Monday, October 13.
The prize, worth 11 million Swedish kronor (about $1.1 million), was awarded to three leading economists whose research focuses on the role of innovation and technology in driving economic growth.
Half of the prize went to Joel Mokier, a professor at Northwestern University in the United States, who was honored for identifying the factors necessary for sustained economic growth through technological advances.
In his research, Mokier showed that for innovations to be consistently successful, it is not only necessary to prove their effectiveness, but also to have scientific explanations for how they work.
The other half of the prize was shared between Philippe Agion, a professor at the Université de France, INSEAD Business School and the London School of Economics, and Peter Howitt, a professor at Brown University.
