The Economics of Perpetual Progress: Analysis of the 2025 Nobel Prize in Economic Sciences

Author(s)	Dr. Yamuna Kilaru, Dr. Steeven Raju Ganta
Country	India
Abstract	The 2025 Nobel Prize in Economic Sciences was jointly awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their pioneering research explaining the mechanisms of sustained economic growth. Their collective work bridges history and theory, revealing how innovation, knowledge creation, and institutional openness drive perpetual progress. Mokyr traced the historical evolution of “useful knowledge” from the Enlightenment to modern growth, while Aghion and Howitt formalized the process of “creative destruction” that fuels technological advancement. Together, they provide a comprehensive understanding of how societies escape stagnation and sustain prosperity through continuous innovation, adaptation, and inclusive institutional frameworks.
Keywords	Economic Growth, Innovation, Creative Destruction, Useful Knowledge, Enlightenment, R&D, Industrial Revolution
Field	Arts
Published In	Volume 6, Issue 6, November-December 2025
Published On	2025-11-02
DOI	https://doi.org/10.63363/aijfr.2025.v06i06.1647
Short DOI	https://doi.org/g99qqz

About AIJFR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-79-39-59	editor@aijfr.com

Advanced International Journal for Research