UMNE SCI Studio: How Innovation and Creative Destruction Drive the World

The 2025 Nobel Prize in Economics was awarded to Joel Mokyr (Northwestern University), Philippe Aghion (Collège de France and INSEAD), and Peter Howitt (Brown University) for research explaining how economic growth became sustainable through technological progress. According to the scientific rationale of the Nobel Committee (Scientific Background, 2025), sustained growth represents a historical turning point. For thousands of years, civilizations produced inventions, yet living standards...