Overview

The 2025 Nobel Prize in Economics celebrates three remarkable thinkers: Joel Mokyr, Philippe Aghion, and Peter Howitt. Their ideas have changed the way the world understands progress, innovation, and prosperity. In Nobel Prize 2025 in Economics: How Mokyr, Aghion, and Howitt Redefined the Future of Prosperity, author Gary C. Mansfield examines the story behind their groundbreaking work on creative destruction, innovation-driven growth, and the power of human curiosity. Drawing from Schumpeterian economics and modern studies of AI, climate technology, and global competition, this book connects historical insight with today's challenges. It shows how innovation, when guided by education, openness, and courage, becomes the true engine of growth. Accessible and deeply informative, this book blends economic history, policy insight, and the future of global prosperity. It is ideal for students, readers, and thinkers who want to understand how innovation shapes the world and why prosperity depends on constant renewal.

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