Q. The Nobel Prize in Economics 2025 has been given for –

[A] Establishing the mathematical foundations of auction theory and inventing new auction formats.

[B] Advancing our understanding of poverty alleviation using experimental approaches.

[C] Explaining innovation-driven economic growth, including the prerequisites for sustained growth through technological progress and the theory of sustained growth via creative destruction.

[D] Integrating climate change considerations into long-run macroeconomic analysis.

Answer: C
Notes:

Explanation:

  • The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr for identifying the prerequisites for sustained growth through technological progress, and to Philippe Aghion and Peter Howitt for developing the theory of sustained growth via creative destruction. Their work highlights how constant innovation and the replacement of old technologies by new ones fundamentally drive long-term economic progress.

Source: The Nobel Prizes

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