On October 13, 2025 , the Royal Swedish Academy of Sciences awarded the 2025 Nobel Memorial Prize in Economic Sciences  to Joel Mokyr , Philippe Aghion , and Peter Howitt  for their pioneering work on how innovation  propels economic growth - especially through the concept of creative destruction . But, what exactly did the laureates discover, why do their ideas matter and what lessons can the Lean Pivot community draw? 1. The Laureates & Their Contributions Joel Mokyr Mokyr,