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    Josia Shigwedha

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    Josia Shigwedha

Creative Destruction

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World

Nobel Prize in economics awarded to trio

(Photo: REUTERS) Three economists, Mokyr, Philippe Aghion, and Peter Howitt, have been awarded the 2025 Nobel Prize in Economic Sciences for their pioneering research on how innovation and the process of “creative destruction” fuel long-term economic growth and raise living standards around the world. Announced in Stockholm on Monday, the award, which was formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, caps this […]

today14 October, 2025