Creative Destruction Revisited: Insights from the 2025 Nobel Laureates
The Shillong Times reports that on October 13, 2025, the Royal Swedish Academy of Sciences announced the Nobel Prize in Economic Sciences winners.
The winners are:
- Joel Mokyr, Northwestern University; PhD Yale
- Philippe Aghion, Collège de France, INSEAD; PhD Harvard
- Peter Howitt, Brown University; PhD Northwestern
The award recognizes their contribution to explaining innovation-driven economic growth, a theme that revitalizes Joseph Schumpeter’s notion of
creative destruction.
Author's summary: Nobel Prize awarded to three economists.
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