Joel Mokyr
2025 Nobel Prize in Economic Sciences; Professor of Economics and History, Northwestern University; Economic Historian & Growth Visionary
2025 Nobel Laureate in Economic Sciences | Professor, Collège de France; INSEAD & London School of Economics | Innovation, Competition, and Growth Economist
Philippe Aghion is a 2025 Nobel Laureate in Economic Sciences and one of the world’s leading economists on innovation-led growth. A professor at the Collège de France, INSEAD, and the London School of Economics, he is best known for shaping modern “creative destruction” and Schumpeterian growth theory, explaining how competition, firm dynamics, and policy choices determine productivity, jobs, and long-term prosperity.
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Philippe Aghion is a 2025 Nobel Laureate in Economic Sciences whose research has fundamentally shaped how economists and decision-makers understand innovation, competition, and long-run growth. He is Professor at the Collège de France, INSEAD, and the London School of Economics, and is widely recognized as a leading architect of modern Schumpeterian economics.
Nobel economist speaker Philippe Aghion is best known for pioneering, with Peter Howitt, a rigorous framework for “creative destruction” in growth theory: the process through which new ideas, technologies, and firms replace old ones, raising productivity while also creating economic and social tensions that policy must manage well. This work established a clear message for leaders: competition and dynamism are not enemies of innovation, but essential conditions for sustained progress.
His contributions have been recognized with major international awards, including the Yrjö Jahnsson Award (best European economist under 45), the John von Neumann Award, and the BBVA Frontiers of Knowledge Award (shared with Howitt) for advancing an innovation-based theory of growth through creative destruction.
In 2025, Aghion was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, jointly with Peter Howitt and Joel Mokyr, for work that deepened our understanding of how technological change drives economic growth and how policy can shape innovation-led prosperity.
As a speaker, Philippe Aghion brings rare clarity to questions that matter to both policymakers and business leaders: how to design innovation ecosystems, how to sustain productivity growth, how to think about industrial strategy without sacrificing competition, and how to navigate the AI and climate transitions without undermining inclusion and social cohesion. Audiences value his ability to translate frontier economic research into practical frameworks for decision-making, grounded in evidence rather than slogans.
Prof. Aghion helps leadership teams and institutions understand what makes economies dynamic, what blocks innovation, and what policy and strategy choices can unlock durable, investment-grade growth. Aghion’s Nobel-recognised work on innovation-driven growth is further explored in Aurum’s analysis of how the 2025 Nobel Laureates in Economics could change the world.
AI is changing the economics of innovation, productivity, and market structure. Philippe Aghion explains how AI can accelerate growth – and under what conditions it may widen inequality or concentrate market power. He offers an evidence-based framework for the policy and institutional choices that help economies capture AI-driven productivity while supporting broad-based opportunity.
Creative destruction is the central mechanism of modern growth: new technologies and business models replace old ones, raising productivity while disrupting firms, jobs, and regions. Aghion shows what makes this process work well – and what causes it to stall – focusing on the roles of competition, finance, education, and institutions in keeping economies resilient and innovative.
This keynote focuses on how AI reshapes labor markets: which tasks are most exposed, where complementary job creation tends to happen, and why some economies translate innovation into higher wages and mobility while others do not. Aghion lays out what leaders can do to support workforce transition without blocking progress.
Innovation-driven economies require the right balance between dynamism and social stability. Aghion discusses how competition policy, education, and well-designed institutions can reward experimentation and long-term investment, while limiting rent-seeking and preserving social cohesion in periods of rapid technological change.
Aghion argues that climate policy is, at its core, an innovation challenge. He explains how incentives, market design, and industrial policy can accelerate clean-technology breakthroughs – and why the details matter if the goal is to reduce emissions while sustaining growth, competitiveness, and living standards.
Industrial policy is back – but it can either catalyze innovation or entrench incumbents. Aghion offers a pragmatic framework for “smart” industrial strategy that supports experimentation, competition, and diffusion, and explains how to evaluate what is working using credible metrics rather than narratives.
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