The Nobel Prize In Economics Winners Have Been Announced

They were scientists from the United States.

The winners of the Alfred Nobel Memorial Prize in Economic Sciences were announced in Stockholm. The laureates are U.S. scholars Robert Hall and Michael Woodford “for their microeconomic foundation of macroeconomic stabilization,” the Royal Swedish Academy of Sciences announced on Monday, October 12.

During “Nobel Week,” from October 5 to 9, the winners of the Nobel Prizes in Physiology or Medicine, Physics, Chemistry, Literature, and the Peace Prize were announced in Stockholm and Oslo.

The 2025 Nobel Prize in Economics was awarded to scholars from the United States, France, and Canada: Joel Mokyr, Philippe Aghion, and Peter Howitt. They were awarded the prize “for explaining innovation-driven economic growth.” Half of the prize was awarded to Joel Mokyr “for defining the prerequisites for sustainable growth through technological progress,” and the other half was awarded jointly to Philippe Aghion and Peter Howitt “for their theory of sustainable growth driven by creative destruction.”

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