Three economists have won the 2025 Nobel Prize in Economics for "explaining innovation-driven economic growth," according to the Riksbank committee.
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for the year 2025 to Joel Mokyr, Philippe Aghion and Peter Howitt.
It is announced that the Economics Prize is officially known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
In 1968, Sveriges Riksbank (Sweden's central bank) established the Sveriges Riksbank Prize in Economic Sciences in memory of the 19th-century Swedish businessman and chemist who invented dynamite and founded the five Nobel Prizes.
The prize amount is the same as that of the Nobel Prizes and is paid by the Riksbank.
The first prize in economic sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.
Since then, it has been awarded 56 times to a total of 96 laureates.
By contrast, only three of the winners before the award announcement on Monday were women. /Telegraph/
