Mokyr, Aghion, Howitt Win 2025 Nobel Prize in Economics

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Transcript

00:00The Royal Swedish Academy of Sciences has today decided to award Sveriges

00:13Rikbank Price in Economic Sciences in memory of Alfred Nobel for twenty-twenty

00:18five to Joel McHugh, Northern University USA, Philippe Aguant, Collège de France

00:26and INSEAD, France, and London School of Economics UK

00:32and Peter Howard, Brown University USA, for having explained innovation-driven economic growth.

00:42With one half, the price goes to Joel McHugh, for having identified the prerequisites for sustained growth

00:50through technological progress, and the other half jointly to Philippe Aguant and Peter Howitt

00:58for the theory of sustained growth through creative destruction.