The Nobel Nods At Economic Growth

For ‘preeminent’ economic historian, the road to the Nobel began at Yale

Joel Mokyr ’74 Ph.D., a 2025 Nobel laureate in economics, says his years as a graduate student at Yale were among the best of his life.

Daniel Freeman: Building a culture of growth is a Nobel cause

Daniel Freeman is Managing Editor of the Institute of Economic Affairs. Everyone in British politics, with the possible exception of the Greens, agrees that economic growth is sorely needed. Since the Great Recession in 2008 real per capita GDP growth in the UK has hovered at an average of 0.5 per cent per year. This is down from an average of 2 per cent in the five decades prior. These may sound like small differences but a 2 per cent growth ra…

The Nobel Nods At Economic Growth

Joel Mokyr, Philippe Aghion and Peter Howitt explain how knowledge and freedom combine to produce prosperity.

Nobel Prize Honors Economists for Unraveling the Engine of Economic Growth

The 2025 Nobel Memorial Prize in Economic Sciences has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work explaining how technological innovation drives sustained economic growth. Their research illuminates the historical and theoretical underpinnings of how societies transition from stagnation to prosperity, a phenomenon that has dramatically improved living standards worldwide. Key Takeaways Technologi…