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Trio of researchers share Nobel in economics for "explaining innovation-driven growth"

France 24•Monday, October 13, 2025 at 9:10:03 PM

PositiveFinancial Markets

Trio of researchers share Nobel in economics for "explaining innovation-driven growth"

The 2025 Nobel Prize in Economics has been awarded to researchers Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation-driven growth. Their research highlights the concept of 'creative destruction,' illustrating how new technologies like steam engines and artificial intelligence can ultimately benefit society by replacing outdated systems. This recognition not only honors their contributions but also emphasizes the importance of innovation in economic development. Additionally, the Dutch government's recent decision to take control of the Chinese-owned chipmaker Nexperia due to national security concerns underscores the growing intersection of technology and geopolitics.

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