Illustration: Niklas Elmehed © Nobel Prize Outreach
INSEAD, The Business School for the World, is proud to announce that Philippe Aghion, Kurt Björklund Chaired Professor in Innovation and Growth at INSEAD has been awarded the Sveriges Riksbank Prize in Economic Sciences – the Nobel Prize in Economics – with Professor Peter Howitt, Brown University and Professor Joel Mokyr, Northwestern University.
The Royal Swedish Academy of Sciences recognised the trio’s groundbreaking research explaining innovation-driven economic growth. Professor Aghion, who also serves as Professor at Collège de France and Visiting Professor at the London School of Economics, and Professor Howitt were jointly recognised for their influential theory of sustainable growth through creative destruction, which demonstrates how new technologies continually replace old ones, driving long-term prosperity.
“This recognition of Professor Aghion’s pioneering contributions to the theory of economic growth is a moment of great pride for INSEAD,” said Francisco Veloso, Dean of INSEAD. “His research has profoundly shaped our understanding of innovation and productivity, offering insights that are more relevant than ever in today’s rapidly changing global economy. ”
"Professor Aghion's achievement reflects the academic excellence of INSEAD faculty,” added Peter Joos, Deputy Dean and Dean of Faculty at INSEAD. “Philippe’s research not only shapes economic theory, but also inspires our academic community to pursue ideas that create meaningful impact in business and society.”
This Nobel distinction is a tremendous honour for Professor Aghion and a testament to the depth and global impact of INSEAD’s research. It reinforces the school’s mission to develop leaders and ideas that transform business and society, continuing to position INSEAD at the forefront of global thought leadership.
