Core Insights - The Nobel Prize in Economic Sciences 2025 was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking contributions to understanding "innovation-driven economic growth" [1] Group 1: Understanding Economic Growth - The traditional neoclassical growth models view technological progress as an exogenous variable, failing to explain its intrinsic dynamics [2] - Mokyr's research emphasizes the importance of "knowledge accumulation" and "cultural environment" as key prerequisites for innovation [2] - Aghion and Howitt's "Schumpeterian Growth Model" mathematically incorporates the concept of "creative destruction," highlighting that new technologies and firms disrupt old market structures, driving continuous economic growth [3] Group 2: Policy Implications - The theories of these scholars provide analytical tools and policy insights for managing the structural unemployment caused by technological advancements, particularly in AI [4] - Strong antitrust policies are necessary to prevent tech giants from stifling innovation, requiring collaboration among government, market, and civil society [4] - Investment in education, social security, and an open culture is essential to support long-term innovation and higher quality economic development [4] Group 3: AI and Creative Destruction - AI technology is rapidly replacing traditional jobs, exemplifying "creative destruction" by increasing efficiency while posing risks of structural unemployment [6] - The concentration of AI research among a few tech giants raises concerns about monopolistic practices that could inhibit innovation across the ecosystem [7] - The sustainability of technological innovation relies on a supportive social environment, emphasizing the need for critical thinking, creativity, and interdisciplinary skills in the workforce [8]