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NOBEL IDEAS TO EXPLAIN THE TRUMPIAN UPHEAVAL
The Morning Standard
|October 16, 2025
N honouring foundational elements of economic growth, the 2025 Nobel Prize in economics speaks to the Trumpian trauma roiling the world at present.
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The individual works of the winners-Joel Mokyr, Philippe Aghion and Peter Howitt-have centred on the importance of innovation and 'creative destruction' in powering sustainable economic progress. Their works have powerfully explained how science and technology have been central to growth down the centuries. Together, they remind us that real progress also includes qualitative improvements-creation of new and better jobs, goods and services that enhance well-being. What makes the award's focus vital is that it serves as a reminder why Donald Trump's trade tariffs, which are attempting to bulldoze an era of free-market principles and excellence in scientific research,
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