Mokyr, Aghion and Howitt win 2025 Nobel economics prize for work on innovation and growth

A screen displays an image of Nobel Prize medal, ahead of the announcement of the Nobel Prize in Economic Sciences at the Royal Swedish Academy of Sciences, in Stockholm, Sweden October 13, 2025. REUTERS/Tom Little

STOCKHOLM (Reuters) -Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for "having explained innovation-driven economic growth", the Royal Swedish Academy of Sciences said on Monday.

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 11 million Swedish crowns ($1.2 million).