India, Oct. 14 -- The Royal Swedish Academy of Sciences has conferred the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel-commonly referred to as the Nobel Prize in Economics-upon Joel Mokyr, Philippe Aghion, and Peter Howitt. This prestigious accolade has been awarded in recognition of their analysis of the determinants and correlates of long-term economic growth.

Although their scholarly contributions explore interconnected themes, the uniqueness of this year's award lies in its acknowledgment of diverse methodological approaches. Joel Mokyr, an esteemed economic historian, examines numerous intricacies and transformations of economic history, while Philippe Aghion and Peter Howitt adopt a more quantitative ...