News Today | 14th October 2025
Economics Nobel Prize 2025

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🏆Economics Nobel Prize 2025: Understanding Innovation-Driven Growth

Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the 2025 Nobel Prize in Economics for explaining how innovation drives long-term economic growth. Their work bridges history, culture, and mathematical theory — showing why modern economies thrive while earlier ones stagnated.

Mokyr highlights how science and societal openness enable continuous progress, while Aghion and Howitt’s “creative destruction” model shows how competition and innovation sustain growth from within.

Their insights are vital today — from managing AI monopolies to fostering green innovation and global trade openness.

Read the full analysis on how innovation shapes prosperity and policy in the digital age: https://www.visionias.in/blog/current-affairs/economics-nobel-prize-2025-understanding-innovation-driven-growth