Joel Mokyr
2025 Nobel Laureate in Economic Sciences | Robert H. Strotz Professor, Northwestern University | Economic Historian of Innovation & Growth
2025 Nobel Laureate in Economic Sciences | Professor at Collège de France, INSEAD & the London School of Economics | Innovation, Competition & Growth Economist
A 2025 Nobel Laureate in Economic Sciences, Philippe Aghion gave "creative destruction" its modern, rigorous form. He explains why competition, firm dynamics, and smart institutions decide whether economies keep growing or stall, and what that means for AI, industrial policy, and the climate transition. For senior audiences, he turns frontier research into clear, evidence-based frameworks for the decisions that shape productivity and long-term growth.
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Philippe Aghion is a 2025 Nobel Laureate in Economic Sciences and one of the most influential economists working on innovation, competition, and long-run growth. Nobel economist speaker Philippe Aghion holds the Chair in the Economics of Institutions, Innovation and Growth at the Collège de France, the Kurt Björklund Chaired Professorship in Innovation and Growth at INSEAD, and a professorship at the London School of Economics, and he is widely regarded as a leading architect of modern Schumpeterian growth theory.
Working with Peter Howitt, Aghion built a rigorous framework for “creative destruction,” the process by which new ideas, technologies, and firms displace old ones, raising productivity while creating economic and social tensions that policy must manage. His central message to leaders is direct: competition and dynamism are not enemies of innovation but the conditions that make sustained progress possible. His work has been recognized with the Yrjö Jahnsson Award for the best European economist under 45, the John von Neumann Award, and the BBVA Frontiers of Knowledge Award.
Aghion received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel jointly with Peter Howitt and Joel Mokyr, for research that deepened our understanding of how technological change drives growth and how policy can shape innovation-led prosperity. His analysis links firm dynamics, finance, education, and institutions to the productivity of entire economies, giving decision-makers a clear view of what makes economies dynamic and what causes them to stall.
Audiences value his ability to turn frontier research into practical frameworks for policy and strategy, grounded in evidence rather than slogans. He speaks with equal authority to policymakers, investors, and corporate leaders on innovation ecosystems, industrial strategy, and the AI and climate transitions. As a speaker, Philippe Aghion helps leadership teams understand what unlocks durable, investment-grade growth and what policy and strategy choices sustain it, drawing on decades of research recognized by the Nobel Prize committee.
Artificial intelligence is reshaping the economics of innovation, productivity, and market structure. Philippe Aghion sets out how AI can accelerate growth, and the conditions under which it may instead widen inequality or concentrate market power. He gives leaders an evidence-based way to think about the institutions, competition rules, and investment choices that let an economy capture AI-driven productivity while keeping opportunity broad.
New technologies and business models constantly displace older ones, lifting productivity while unsettling firms, jobs, and regions. Aghion explains what keeps this renewal working and what makes it seize up, focusing on the roles of competition, finance, education, and institutions. Audiences leave with a clear model of why some economies stay resilient and inventive while others fall behind.
How does AI actually change labor markets? Aghion examines which tasks are most exposed, where complementary jobs tend to appear, and why some economies turn innovation into higher wages and mobility while others do not. He lays out the concrete steps leaders and policymakers can take to support workforce transitions without standing in the way of progress.
Innovation-driven economies need the right balance between dynamism and social stability. Aghion shows how competition policy, education, and well-designed institutions can reward experimentation and long-term investment while curbing rent-seeking and protecting social cohesion through periods of rapid technological change.
Aghion treats climate policy as, at its heart, an innovation challenge. He explains how incentives, market design, and industrial policy can speed clean-technology breakthroughs, and why the specifics decide whether emissions fall while growth, competitiveness, and living standards hold up. It is a pragmatic, research-grounded case for green growth.
Industrial policy is back, and it can either spark innovation or shield incumbents. Aghion offers a practical framework for industrial strategy that supports experimentation, competition, and the diffusion of new ideas, and shows how to judge what is working using credible metrics rather than political narratives.
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