Stockholm university

Honorary doctor Philippe Aghion awarded the Prize in Economic Sciences 

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (the Prize in Economic Sciences) is 2025 shared by three researchers. One of them is professor Philippe Aghion, who was recently awarded an honorary doctorate at Stockholm University and who has also been a visiting professor at the university.

Philippe Aghion tillsammans med samhällsvetenskapliga fakultetens andra nya hedersdoktor Gita Mishra
Philippe Aghion together with Gita Mishra, this year’s honorary doctors at the Faculty of Social Sciences, at the ceremony in the Stockholm City Hall on 26 September 2025. Photo: Johanna Säll/Stockholm University

Joel Mokyr, Northwestern University in the USA, is awarded one half of the prize “for having identified the prerequisites for sustained growth through technological progress”. The other half of the prize is shared by Philippe Aghion, Collège de France and INSEAD and the London School of Economics and Political Science, and Peter Howitt, Brown University in the USA, “for the theory of sustained growth through creative destruction”.

The three laureates show in different ways that creative destruction creates conflicts that must be handled constructively. Otherwise, new innovations will be blocked by established companies and interest groups who risk losing out on development.

“The laureates’ work shows that economic growth cannot be taken for granted. We must uphold the mechanisms that underly creative destruction, so that we do not fall back into stagnation,” says John Hassler, Chair of the Committee for the Prize in Economic Sciences and professor of economics at Stockholm University.

 

New honorary doctor at Stockholm University

Philippe Aghion was recently appointed honorary doctor at Stockholm University and has been a visiting researcher at the Institute for International Economics (IIES) at the university in 2009–2015. He also collaborates with several researchers at IIES for many years.

“Philippe Aghion has meant a lot to Stockholm University. As a visiting researcher from 2009–2015, he has wholeheartedly and selflessly committed himself to the research we ourselves conduct here and has, above all, always been extremely helpful to our doctoral students. He is a role model”, said Per Krusell, professor and director of IIES, and member of the Committee for the Prize in Economic Sciences, this spring when this year’s honorary doctors were announced.

Read about the 2025 Prize in Economic Sciences
Read more about Philippe Aghion 
Read about this year’s honorary doctors at Stockholm University

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Last updated: October 13, 2025

Source: Communications Office

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