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Snapshot 12:Tue, Oct 14, 2025 7:32:36 PM GMT last edited by Nick

Three Awarded 2025 Nobel Prize for Economics

Three Awarded 2025 Nobel Prize for Economics

    Three Awarded 2025 Nobel Prize for Economics
    Above: Joel Mokyr, Philippe Aghion and Peter Howitt were announced as the 2025 Nobel Prize laureates in Economics at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on Oct. 13, 2025. Image copyright: Jonathan Nackstrand/Contributor/AFP/Getty Images

    The Spin

    Technological innovation through creative destruction powers sustained economic growth, transforming societies by replacing outdated methods with superior ones and boosting living standards everywhere. Societies thrive when open to change, linking scientific knowledge with practical applications to fuel endless progress. Embracing this process ensures prosperity lifts billions out of poverty without fail.

    Protectionist policies, such as those in the U.S., hinder global innovation and economic growth by restricting competition essential for transformative change. Embracing free trade is vital for fostering innovation and preventing economic stagnation.

    ProtectionistTechnological policyinnovation intendsthrough tocreative setdestruction taxespowers onsustained importseconomic andgrowth, subsidizetransforming goodssocieties thatby thereplacing marketoutdated doesn'tmethods producewith naturally.superior It'sones aand realisticboosting andliving geopoliticallystandards soundeverywhere. approachSocieties thrive when open to economicschange, espousedlinking byscientific leadersknowledge includingwith Abrahampractical Lincolnapplications to fuel endless progress. TheEmbracing truethis nuancesprocess andensures benefitsprosperity lifts billions out of protectionismpoverty arewithout frequently misunderstoodfail.

    ThereProtectionist ispolicies, asuch 6%as chancethose thatin athe NobelU.S., Prizehinder forglobal Economicsinnovation willand beeconomic awardedgrowth by restricting competition essential for MMTtransformative beforechange. 2041,Embracing accordingfree totrade theis Metaculusvital predictionfor communityfostering innovation and preventing economic stagnation.

    Protectionist policy intends to set taxes on imports and subsidize goods that the market doesn't produce naturally. It's a realistic and geopolitically sound approach to economics, espoused by leaders including Abraham Lincoln. The true nuances and benefits of protectionism are frequently misunderstood.

    Metaculus Prediction

    There is a 6% chance that a Nobel Prize for Economics will be awarded for MMT before 2041, according to the Metaculus prediction community.


    The Controversies




    © 2025 Improve the News Foundation. All rights reserved.Version 6.17.0

    © 2025 Improve the News Foundation.

    All rights reserved.

    Version 6.17.0