{"id":14396,"date":"2025-10-27T14:32:22","date_gmt":"2025-10-27T13:32:22","guid":{"rendered":"https:\/\/ntpark.me\/uncategorized\/nobelova-nagrada-za-ekonomiju-2025-inovacije-kao-pokretac-ekonomskog-rasta\/"},"modified":"2025-10-28T11:06:05","modified_gmt":"2025-10-28T10:06:05","slug":"nobelova-nagrada-za-ekonomiju-2025-inovacije-kao-pokretac-ekonomskog-rasta","status":"publish","type":"post","link":"https:\/\/ntpark.me\/en\/news\/nobelova-nagrada-za-ekonomiju-2025-inovacije-kao-pokretac-ekonomskog-rasta\/","title":{"rendered":"The 2025 Nobel Prize in Economics: Innovation as a Driver of Economic Growth"},"content":{"rendered":"\n<p>This year\u2019s <strong>Nobel Prize in Economics<\/strong> scientifically confirms what modern economies have been demonstrating for decades \u2013 that <strong>innovation is a prerequisite for sustainable economic growt<\/strong>h.<\/p>\n\n<p>The 2025 laureates \u2013 <strong>Joel Mokyr, Philippe Aghion, and Peter Howitt<\/strong> \u2013 were awarded for their groundbreaking research explaining how innovations drive growth and replace outdated technologies, in a process known as \u201c<strong>creative destruction.\u201d<\/strong><\/p>\n\n<p>The three laureates come from different schools of economic thought, but they share a common goal \u2013 <strong>understanding how technological progress transforms societies and economies.<\/strong><\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Joel Mokyr (79)<\/strong>, of Dutch origin, a professor at <strong>Northwestern University,<\/strong> is renowned for his research on industrial revolutions and long-term trends in economic development.<\/li>\n\n\n\n<li><strong>Philippe Aghion (69)<\/strong>, a professor at the <strong>Coll\u00e8ge de France<\/strong> and the <strong>London School of Economics<\/strong>, uses mathematical models to explain the mechanisms of innovation and their impact on growth.<\/li>\n\n\n\n<li><strong>Peter Howitt (79)<\/strong>, a professor at <strong>Brown University<\/strong>, together with Aghion, <strong>developed the renowned 1992<\/strong> model of creative destruction, which has become a cornerstone of modern growth theory.<\/li>\n<\/ul>\n\n<p>The concept of \u201ccreative destruction,\u201d originating from Austrian economist <strong>Joseph Schumpeter<\/strong>, describes the continuous process in which <strong>new technologies replace old ones,<\/strong> bringing progress but also changes to existing industries.<\/p>\n\n<p>The Nobel Committee highlighted that this year\u2019s laureates \u201chave <strong>explained and quantified how this process works and why it is crucial for long-term economic growth.\u201d<\/strong><\/p>\n\n<p>The Committee\u2019s Chair, <strong>John Hassler,<\/strong> stated:<\/p>\n\n<p>\u201cTheir work shows that growth cannot be taken for granted. We must maintain the mechanisms that enable creative destruction in order to avoid stagnation.\u201d<\/p>\n\n<p><strong>The prize, worth 11 million Swedish kronor (about 1.2 million euros),<\/strong> will be distributed with half going to Mokyr, and the other half shared between Aghion and Howitt.<\/p>\n\n<p>This is the <strong>Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel,<\/strong> established in 1968 by the <strong>Swedish central bank<\/strong> in honor of Alfred Nobel.<\/p>\n\n<p>The official award ceremony will take place on <strong>December 10 in Stockholm,<\/strong> on the anniversary of Nobel\u2019s death in 1896.<\/p>\n\n<p>This year\u2019s laureates\u2019 research reminds us that <strong>economic growth does not arise by chance,<\/strong> but from <strong>continuous investment in knowledge, research, and innovation.<\/strong><\/p>\n\n<p>Without the willingness to let the old give way to the new \u2013 there is no progress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year\u2019s Nobel Prize in Economics scientifically confirms what modern economies have been demonstrating for decades \u2013 that innovation is a prerequisite for<\/p>\n","protected":false},"author":5,"featured_media":14391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[49],"tags":[],"class_list":["post-14396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/posts\/14396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/comments?post=14396"}],"version-history":[{"count":2,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/posts\/14396\/revisions"}],"predecessor-version":[{"id":14400,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/posts\/14396\/revisions\/14400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/media\/14391"}],"wp:attachment":[{"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/media?parent=14396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/categories?post=14396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ntpark.me\/en\/wp-json\/wp\/v2\/tags?post=14396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}