Joel Mokyr, Philippe Aghion and Peter Howitt have been awarded the Nobel Prize for Economic Sciences for their work explaining how innovation and what economists call “creative destruction” drive ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ...

The Nobel Prize In Economics 2025 was awarded to Joel Mokyr, Philippe Aghion and Peter Howitt — the team which has explained the concept of "innovation-driven economic growth". The prize, amounting to ...

Transforming a government-heavy economy into one where the private sector leads not only takes time but also requires a period of detoxification, according to U.S. Treasury Secretary Scott Bessent.

Global growth is expected to decline and downside risks to intensify as major policy shifts unfold After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have ...

The International Monetary Fund warned on Tuesday that the global economy could be hit hard as President Trump's sweeping tariffs threaten to spark an all-out trade war. The IMF predicted the global ...

Joel Mokyr, Philippe Aghion and Peter Howitt have won the Nobel memorial prize in economics for explaining innovation-driven economic growth. They focus on the concept of creative destruction, where n ...

Professor John Hassler, from left, Hans Ellegren, Permanent Secretary of the Academy of Sciences and Professor Kerstin Enflo, announce Joel Mokyr, Philippe Aghion and Peter Howitt as the recipients of ...