The Nobel Prize in Economics for the year 2025 has been awarded to Joel Mokir, Philip Adhian and Peter Howitt. The Nobel Committee said that these economists have shown how innovation paves the way for economic development. Based on their research, it is clear that technology changes rapidly and its impact affects us all.
On the other hand, last year (in 2024), the Nobel Prize in Economics was awarded to these three economists Daron Acemoglu, Simon Johnson and James A Robinson. They studied the reasons behind some countries being rich and others being poor. According to their documents, more free and open societies are more likely to prosper.
The announcement of the Nobel Prize in Economics completes the announcement of all Nobel Prizes for the year. The Nobel Prize ceremony is held every year on December 10. This date is the anniversary of the death of the founder of the prize, Alfred Nobel, who died in 1896. Nobel was a Swedish industrialist and inventor of dynamite.
Each winner is awarded 11 million Swedish kronor (about $1.2 million), an 18-carat gold medal and a certificate.
Earlier, the Nobel Prize in Chemistry was awarded to Susumu Kitagawa, Richard Robson and Omar M Yaghi. While the Nobel Prize in Physics was awarded to John Clarke, Michael H. Devoret and John M. Martinis for their discoveries in the field of quantum mechanics. The Nobel Peace Prize was awarded to Venezuelan opposition leader Maria Corina Machado.
