Joel Mokyr, the Robert H. Strotz Professor of economics and history at Northwestern University’s Weinberg College of Arts and Sciences, was awarded the Sveriges Riksbank Prize in Economic Sciences alongside Philippe Aghion and Peter Howitt. The honor recognizes their collective work in explaining how innovation fuels long-term economic expansion.
At the Nobel Prize ceremony held on December 10 at the Stockholm Concert Hall, Astrid Söderbergh Widding, chair of the Nobel Foundation, delivered the opening remarks. She acknowledged the global challenges facing society today but emphasized the hope represented by the gathering of 14 laureates.
“The Nobel laureates illuminate the world through knowledge, integrity and excellence,” Söderbergh Widding stated. “They remind us of our responsibility and the possibilities that lie within our reach to transform the world into a better place for humankind.”
John Hassler, chair of the Nobel Committee for the Prize in Economic Sciences, introduced the trio, highlighting their research into innovation-driven growth. Mokyr was specifically recognized for identifying the conditions necessary for sustained economic advancement through technological change.
Accompanied by a trumpet fanfare, Mokyr received his award and diploma from King Carl XVI Gustaf of Sweden. Following tradition, he bowed to the monarch, members of the Royal Family, his fellow honorees, and the audience, which included his wife, Margalit, and other family members.
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‘Nobel laureates illuminate the world’
Joel Mokyr, the Robert H. Strotz Professor of economics and history in the Weinberg College of Arts and Sciences at Northwestern University, was honored at the Nobel Prize ceremony with the Sveriges Riksbank Prize in Economic Sciences, a prize he shares with Philippe Aghion and Peter Howitt. n nIn the opening address at the Stockholm Concert Hall in Sweden on Dec. 10, Astrid Söderbergh Widding, chair of the Nobel Foundation, spoke to the serious problems the world currently faces but pointed to the hope symbolized by the assembly of 14 laureates. n n“The Nobel laureates illuminate the world through knowledge, integrity and excellence,” Söderbergh Widding said. “They remind us of our responsibility and the possibilities that lie within our reach to transform the world into a better place for humankind.” n nJohn Hassler, chair of the Nobel Committee for the Prize in Economic Sciences, introduced the three economic sciences laureates celebrated “for having explained innovation-driven economic growth,” and Mokyr specifically “for having identified the prerequisites for sustained growth through technological progress.” n nAccompanied by a trumpet fanfare, Mokyr accepted his prize and diploma from King Carl XVI Gustaf of Sweden, and following Nobel protocols, bowed to the King, the Royal Family, his fellow laureates and finally the audience, which included his wife, Margalit, and members of his family.