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Prof. Joel Mokyr wins Nobel Prize in Economic Sciences

Joel Mokyr

The Royal Swedish Academy of Sciences awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2025 to three economists for showing how technological progress has led to sustained economic growth.

Mokyr receives half of the prize for his development of a theory for sustained economic growth. Mokyr identified three important requisites for growth: useful knowledge, mechanical competence and institutions conducive to technological progress.

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Economics

Our Programs and Curriculum

 

Economics at Northwestern

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Our world-class department owes its reputation to outstanding faculty dedicated to teaching and research, as well as engaged students who take advantage of learning opportunities in and beyond the classroom.

The Economics major and minor are open to all undergraduates. The Ph.D. program has 125 students in residence. 

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Our Faculty

 

Learn about faculty accomplishments, publications and news.

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Meet our Faculty

Our distinguished faculty includes fellows of the American Economic Association, members of the National Academy of Sciences, and editors of the American Economic Review and other prestigious journals. Longtime faculty member Dale Mortensen was winner of the 2010 Nobel Prize in Economics, and Prof. Joel Mokyr is winner of the 2025 Nobel Prize in Economics. 

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Recent Publications

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Lori Beaman

PROF. LORI BEAMAN USES QUANTITATIVE SKILLS TO STUDY “PEOPLE PROBLEMS”

Prof. Beaman first became interested in development economics when she was a Northwestern freshman studying chemical engineering. Now she teaches the course that inspired her.
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Joel Mokyr

PROF. JOEL MOKYR WINS 2025 NOBEL PRIZE

On Monday, October 13, 2025, economic historian Prof. Joel Mokyr was awarded the 2025 Nobel Memorial Prize in Economic Sciences. 

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Matthew Rognlie

PROF. MATTHEW ROGNLIE AWARDED A SLOAN FELLOWSHIP

Prof. Rognlie received the prestigious fellowship for his work on macroeconomics and international economics.
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Economics Video Series

 

Learn about the innovative research of our faculty.

News and Events

 

Weekly Seminars

 
economics seminar
Our weekly seminars bring renowned economists from universities around the globe. Explore all 7 of our seminar series, which are held in fall and spring quarters.

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Events

 
Oct
24
2025
Economic History Lunch Seminar

12:00 PM - 1:30 PM, Evanston

Speakers: Davis Kedrosky & Eli Locke (Kedrosky) Title: Expropriation, Reallocation, and Political Selection: Evidence from the Rise of ...

Oct
27
2025
Seminar in Macroeconomics

12:00 PM - 1:30 PM, Evanston

Ernest Liu (Princeton): International Trade in an Uncertain World Abstract: We develop a tractable approach to characterize the distrib...

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News

 
Undergrad alum Alex Domash named an economics correspondent for The Economist
Prof. Martin Eichenbaum weighs in on the tension between the President and Federal Reserve Chair
Prof. Martin Eichenbaum weighs in on the tension between the President and Federal Reserve Chair
Prof. Mar Reguant featured as keynote speaker at inaugural Toronto Meeting on the Economics of Climate Change
Econ major student athletes honored as 2024-2025 Big Ten Distinguished Scholars

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