Core Points - The 2025 Nobel Prize in Economic Sciences is awarded in two parts: one half to Joel Mokyr for highlighting the prerequisites for sustained growth through technological advancement, and the other half jointly to Philippe Aghion and Peter Howitt for their theoretical contributions to sustained growth through creative destruction [1][3] Summary by Sections Nobel Prize Announcement - The Nobel Prize in Economic Sciences for 2025 recognizes contributions to understanding economic growth, with Joel Mokyr focusing on technology and Aghion and Howitt on creative destruction [1][3] Historical Context - The Nobel Prize in Economic Sciences, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 by the Swedish National Bank and is awarded for outstanding contributions in economics [3][4] - The first award in 1969 was given to Ragnar Frisch and Jan Tinbergen for developing dynamic models to analyze economic processes [3][4] Recent Winners - The 2021 Nobel Prize was awarded to David Card for contributions to labor economics, and jointly to Joshua D. Angrist and Guido W. Imbens for methodological contributions to causal analysis [4] - The 2022 prize recognized Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig for their research on banks and financial crises [4] - The 2023 prize was awarded to Claudia Goldin for enhancing understanding of women's labor market outcomes [4] - The 2024 prize was shared by Daron Acemoglu, Simon Johnson, and James A. Robinson for their research on how institutions shape and influence prosperity [6]

Group 1 - The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their contributions to the understanding of innovation-driven economic growth [1] - The Nobel Prize in Economics has been awarded annually since 1969, with a total of 56 awards given to 96 laureates, including only 3 women [7] - Recent winners have focused on various topics, including responses to financial crises, the labor market for women, and the formation and impact of institutions on prosperity [6]

Core Points - The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their contributions to understanding innovation-driven economic growth [1] - Mokyr received half of the prize for identifying prerequisites for sustained growth through technological advancement, while Aghion and Howitt shared the other half for their theory on sustained growth through creative destruction [1] Summary by Sections Recent Nobel Prize Winners - The 2024 Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their research on how institutions form and affect prosperity [3] - The 2023 prize went to Claudia Goldin for her work on understanding women's labor market outcomes [3] - The 2022 prize recognized Ben Bernanke, Douglas W. Diamond, and Philip H. Dybvig for their research on banks and financial crises [4] Historical Context of the Nobel Prize in Economics - The Nobel Prize in Economic Sciences, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 and has been awarded 56 times to 96 individuals by 2025 [4] - Notably, 26 laureates have won independently, while 20 times two laureates and 10 times three laureates have shared the prize [4] - The youngest laureate is Esther Duflo, who won in 2019 at the age of 46, while the oldest is Leonid Hurwicz, who was 90 when he won in 2007 [5] Financial Aspects of the Nobel Prize - The Nobel Prize has a history of financial growth, with the prize amount increasing from 10 million Swedish Krona to 11 million Swedish Krona (approximately 836,000 RMB) starting in 2023, marking a record high [6] - The Nobel Foundation's assets have grown significantly, now exceeding 6.1 billion Swedish Krona (approximately 4.6 billion RMB), representing nearly a 200-fold increase since its inception [7]

Core Viewpoint - The 2025 Nobel Prize in Economic Sciences is highly anticipated, with diverse predictions regarding potential winners, including fields such as behavioral economics, labor economics, and international trade theory [1][2]. Group 1: Nobel Prize Overview - The Nobel Prize in Economic Sciences, officially known as the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel," has been awarded since 1969, with a total of 96 laureates as of October 12, 2025 [2]. - The prize is awarded annually on the anniversary of Nobel's death, and it can be shared among up to three individuals [2]. - The youngest laureate is Esther Duflo, who won in 2019 at the age of 46, while the oldest is Leonid Hurwicz, who was 90 when he won in 2007 [3]. Group 2: Female Laureates - Only three women have received the Nobel Prize in Economic Sciences: Esther Duflo, Elinor Ostrom, and Claudia Goldin [3]. - Elinor Ostrom was the first female laureate, awarded in 2009 for her work on public resource management, while Claudia Goldin received the prize in 2023 for her contributions to understanding women's labor market outcomes [3]. Group 3: Predictions and Trends - As the announcement date approaches, speculation about potential winners intensifies, with notable candidates including recipients of other prestigious awards like the Clark Medal and the Clarivate Citation Laureates [4]. - Recent winners of the Clarivate Citation Laureates in economics include David Autor and Lawrence F. Katz for their analysis of wage structure and income inequality, and Marianne Bertrand and Sendhil Mullainathan for their work on labor economics [4][5]. - The Nobel Prize committee emphasizes that awarded discoveries must have significant scientific merit and societal impact, leading to extensive subsequent research [5].

Core Insights - The Nobel Prize in Economic Sciences for 2025 will be announced on October 13, 2025, with significant anticipation and speculation surrounding potential winners [2][4] - The prize, established in 1969, has been awarded 56 times to 96 individuals, with a notable trend of increasing diversity among the candidates [2][3] Group 1: Prize Overview - The Nobel Prize in Economic Sciences, officially known as the "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel," recognizes outstanding contributions in the field of economics [2] - As of October 12, 2025, the prize has been awarded to 96 individuals, with 26 receiving it independently and others sharing the award [2][3] - The youngest laureate is Esther Duflo, who won in 2019 at the age of 46, while the oldest is Leonid Hurwicz, who was 90 when he received the award in 2007 [3] Group 2: Trends and Predictions - There is a growing trend of speculation regarding potential winners, with various economic awards and recognitions serving as indicators for the Nobel Prize [4][5] - Recent winners of the Citation Laureates in Economics include prominent scholars from institutions like MIT and Harvard, recognized for their groundbreaking analyses in labor economics and income inequality [4][5] - The Nobel Prize committee emphasizes that awarded discoveries must have significant scientific merit and societal impact, leading to extensive subsequent research [5]

Core Viewpoint - The Nobel Prize in Economic Sciences will be announced on October 13, 2025, with a focus on significant real-world issues in recent years, making predictions about the winners challenging [3][4]. Selection Process - The selection process for the Nobel Prize in Economic Sciences is rigorous and lengthy, involving nominations from around 3,000 scholars and multiple rounds of evaluation by the Royal Swedish Academy of Sciences [5]. - The final decision on the winners is made through a majority vote by the Academy, and this decision is final and cannot be appealed [5]. Citation Data as a Predictor - Citation data has become an important reference for predicting potential winners, with papers cited over 10,000 times considered to have Nobel Prize potential [6]. - The previous year's winners had papers with nearly 20,000 citations before winning, indicating a correlation between citation counts and award recognition [6]. - Clarivate's "Highly Cited Researchers" list has been a valuable tool, with 83 researchers from this list eventually winning the Nobel Prize since its inception [6]. Potential Candidates - Notable candidates this year include David Autor and Lawrence F. Katz for their work on wage structure and income inequality, as well as Scott Cunningham, who believes their combined research on skill-biased technological change has strong award potential [8]. - Claudia Goldin, the 2023 winner, has collaborative research with Katz that may be recognized in future awards, suggesting a focus on skill-biased technological change [8]. - The possibility of economists receiving a second Nobel Prize exists, as seen in other scientific fields, with the emphasis on specific contributions rather than lifetime achievements [8]. Other Noteworthy Candidates - Other candidates include Marianne Bertrand and Sendhil Mullainathan for their research on racial discrimination and labor economics, and Nicholas Bloom for his analysis of economic uncertainty [9]. - A prominent trio of candidates includes Steven Berry, Jerry Hausman, and Ariel Pakes, known for their contributions to empirical economics and the BLP model, which is crucial for analyzing product differentiation [10]. - Other frequently mentioned candidates include Philippe Aghion, Robert Barro, Olivier Blanchard, and Marc Melitz, who have made significant contributions to various economic theories [10].

Group 1 - The total prize amount for this year's Nobel Prize in Economic Sciences is 11 million Swedish Krona, approximately 8.25 million RMB [1] - The announcement of the Nobel Prize winner will take place on October 13 at 17:45 Beijing time, with the award ceremony scheduled for December in Stockholm [1] - Recent trends in the Nobel Prize selection process show a focus on research addressing significant real-world issues, such as poverty alleviation, financial crises, and gender differences in labor economics [1][3] Group 2 - The selection process for the Nobel Prize in Economic Sciences is rigorous and lengthy, involving nominations from around 3,000 scholars and multiple rounds of evaluation by the Royal Swedish Academy of Sciences [3] - Citation data has become an important reference for predicting potential winners, with papers cited over 10,000 times considered to have Nobel Prize potential [3][4] - The Clarivate "Highly Cited Researchers" list has been a valuable indicator, with 83 individuals from this list eventually winning the Nobel Prize since its inception [4] Group 3 - Notable candidates for this year's award include David Autor and Lawrence Katz for their groundbreaking analysis of wage structures and income inequality [6] - The possibility of a second Nobel Prize for an economist exists, as the award recognizes specific contributions rather than lifetime achievements [6] - Other prominent candidates include Marianne Bertrand and Sendhil Mullainathan for their work on racial discrimination and labor economics, as well as Steven Berry, Jerry Hausman, and Ariel Pakes for their contributions to empirical economics [7][8]