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A screen shows (L-R) American-Israeli Joel Mokyr, France’s Philippe Aghion and Canada’s Peter Howitt, winners of the 2025 Nobel Prize in Economics, announced on October 13, 2025. Mokyr won one half of the prize “for having identified the prerequisites for sustained growth through technological progress”, while Aghion and Howitt shared the other half “for the theory of sustained growth through creative destruction”, the jury said. (Photo by Jonathan Nackstrand / AFP) / ALTERNATIVE CROP (Photo by JONATHAN NACKSTRAND/AFP via Getty Images) AFP via Getty Images This year’s Nobel Prize for economics was awarded to three individuals, Joel Mokyr, Philippe Aghion, and Peter Howitt, who have illuminated the origins of prosperity in modern society. Among them, Mokyr is likely the best known and most influential, due in no small part to his ability to think far beyond the borders of the standard economics box. Though much of his work delves into history, Mokyr’s writing has profound relevant to the present. His thinking has key things to say about the current direction of the United States and what it portends for the future of America and, in no uncertain terms, the world. Mokyr’s Lever And The Engine of Invention Born in 1946 in the Netherlands and educated at Yale, Mokyr has spent most of his career at Northwestern University, where he is the Robert H. Strotz Professor of Arts and Sciences and Professor of Economics and History. His research, which stands at the crossroads of economic history, science and technology studies, and philosophy of knowledge, seeks to answer one seemingly short and simple question: Why did the modern world grow rich and first do so in the West? In The Lever of Riches: Technological Creativity and Economic Progress (1990), Mokyr focused on the Industrial Revolution, rejecting the notion that it was a…

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Filed under: News - @ October 18, 2025 1:27 am