The 2025 Nobel Prize in Economics has been awarded to Philippe Aghion, Peter Howitt, and Joel Mokyr for their groundbreaking work on innovation-driven economic growth. Their research highlights how creative destruction, technological advancement, and institutional support drive long-term prosperity. Creative Destruction: Aghion and Howitt’s Contribution In a seminal 1992 paper,…
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László Krasznahorkai Wins Nobel Prize in Literature 2025
The prestigious Nobel Prize in Literature 2025 has been awarded to Hungarian author László Krasznahorkai for his visionary literary work that explores human chaos amidst apocalyptic terror. The Swedish Academy announced the award on October 9, 2025, recognising Krasznahorkai’s unique contribution to world literature through his hypnotic and philosophically deep…