Title: Sharing on the 2025 Nobel Prize in Economics

Speaker: Wang Gaowang, Male, Professor and Ph.D. Supervisor, Institute of Economics, Shandong University. His research direction is macroeconomics and financial theory, and he currently focuses on the application of information in financial markets and macroeconomics. He has published more than 30 papers in authoritative domestic and foreign economics and finance journals such as "Journal of Economic Theory", "Journal of Economic Dynamics and Control", "Journal of Financial Markets", "Economics Letters", "Economic Research Journal" and "Economic Journal". He presides over a General Program of the National Natural Science Foundation of China.

Huang Hanguo, Male, Research Associate, School of Economics, Shandong University; Ph.D. in Economics, University of California, Davis, USA. His main research directions include macroeconomics and monetary economics, corporate innovation, industrial organization and economic growth, corporate finance, and applied econometrics (macroeconomics direction).

Abstract: The 2025 Nobel Prize in Economics was awarded to Joel Mokyr, Philippe M. Aghion, and Peter W. Howitt in recognition of their complementary research on the topic of "innovation-driven economic growth". Joel Mokyr, based on history, points out that sustained technological progress depends on three elements: science, craftsmen, and social inclusion, revealing the premise for "sustained growth to become the norm"; Philippe Aghion and Peter W. Howitt modeled Schumpeter’s "Creative Destruction" paradigm, which was later widely used to analyze the design of growth policies and the role of the state in the growth process. This lecture will sort out their core ideas and academic contributions, and discuss their implications for industrial upgrading, education investment, and competition policies.

Date & time: 17 October 2025, 19:00-21:00

Venue: 211d, Comprehensive Science Building, Central Campus, Shandong University