Joel Mokyr, Philippe Aghion, and Peter Howitt have been awarded the Nobel Prize in Economics for their significant contributions to the understanding of innovation-driven economic growth. Their research emphasizes the concepts of creative destruction and technology-driven advancements that play a crucial role in enhancing living standards and economic development. The prize recognizes their efforts in explaining how innovation influences growth dynamics in economies worldwide, highlighting the importance of maintaining competitive technological practices. The laureates expressed surprise and gratitude upon receiving the prestigious award, underscoring the impact of their work on the global economic landscape.