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13. October 2025

Congratulations to the Nobel Prize winners in economics Congratulations to the Nobel Prize winners in economics

The Department of Economics Bonn, and the Bonn Graduate School of Economics congratulate the winners of the 2025 Nobel Prize in Economic Sciences. This year's Nobel Prize in Economic Sciences goes to three researchers: economic historian Joel Mokyr from Northwestern University, growth researchers Philippe Aghion (Insead and London School of Economics), and Peter Howitt (Brown University).

Economics Prize 2025
Economics Prize 2025 - The three economists Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the Nobel Prize in Economics for their work on technological progress and creative destruction. © Ill. Niklas Elmehed © Nobel Prize Outreach
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Joel Mokyr has made a name for himself with his work on “identifying the prerequisites for sustainable growth through technological progress.” He “used historical sources to uncover the reasons why sustainable growth has become the new normal”.Philippe Aghion and Peter Howitt focused on the concept of “creative destruction,” which describes how the market introduction of new and better competing products affects companies.

Aghion delivered the BGSE Manchot Lectures in 2008, joining a distinguished group of speakers in this renowned lecture series hosted by the Bonn Graduate School of Economics (BGSE). Remarkably, he is the sixth Manchot Lecturer to receive the Nobel Prize in Economics.