نوع مقاله : سخن سردبیر
نویسنده
گروه مدیریت بازرگانی، دانشکده مدیریت و حسابداری، دانشگاه شهید بهشتی، تهران، ایران.
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسنده [English]
The 2025 Nobel Prize in Economic Sciences was awarded to three eminent economists—Philippe Aghion, Peter Howitt, and Joel Mokyr—for their groundbreaking research elucidating how innovation drives sustainable economic growth. Their collective work not only reshapes macroeconomic theory but also offers profound insights relevant for Business Administration, highlighting key directions for future research in the field.
Researcher
Overarching Theoretical Framework
Core Concepts & Contributions
Key Publications (Examples)
Philippe Aghion
Schumpeterian Growth Models (Creative Destruction)
Formalized the concept of creative destruction, where innovation displaces incumbents; analyzed the nuanced relationship between competition and innovation; studied the role of public policies in shaping innovation incentives.
Aghion & Howitt (1992); Aghion et al. (2005); Aghion & Howitt (2009)
Peter Howitt
Technology-Based and Learning-Driven Growth
Developed models of learning-by-doing; emphasized human capital as critical for technology absorption; modeled R&D-driven innovation as a source of long-term growth.
Howitt & Aghion (1998); Howitt (2000); Aghion & Howitt (2009)
Joel Mokyr
Economic History & Institutions of Knowledge
Historicized the knowledge economy; distinguished scientific knowledge from technological application; highlighted the institutional prerequisites enabling the Industrial Revolution and ongoing innovation.
Mokyr (1990); Mokyr (2002); Mokyr (2016)
Researcher Overarching Theoretical Framework Core Concepts & Contributions Key Publications (Examples)
Synthesis and Implications:
Joel Mokyr’s historical and institutional analysis explains why robust institutions and cultural frameworks are essential to ignite innovative growth. Meanwhile, Aghion and Howitt’s theoretical models specify how innovation is sustained in market economies through continuous cycles of creative destruction, where new technologies replace outdated ones (Nobel Prize Committee, 2025; NBER, 2025). This underscores the vital role of innovation as the driver of firm and industry evolution, implicating strategic business practices focused on fostering ongoing innovation and managing competitive dynamics.
Peter Howitt’s emphasis on human capital highlights the critical need for firms to invest in workforce skills aligned with evolving technological demands. This insight directly ties into strategic human resource management and organizational capabilities development, stressing that technology investments must be complemented by talent development and adaptive organizational structures.
Moreover, Mokyr’s work reminds managers to consider broader institutional contexts—laws, regulations, intellectual property rights, and socio-cultural norms—that shape innovation incentives and entrepreneurial potential. Thus, astute leadership and strategic foresight must include influencing and adapting to these macroeconomic and institutional environments.
Journal Policies for Future Research:
Motivated by these seminal contributions, our journal affirms a commitment to advancing research strands that:
1. Examine managerial strategies for navigating and leveraging creative destruction, particularly in radical innovation and new market creation.
2. Investigate the nexus between technology, skills development, and organizational adaptation within evolving technological landscapes such as AI and digitalization.
3. Analyze the influence of institutional economics on firm strategies, public policies, and innovation systems.
4. Employ mixed methodologies, combining quantitative firm-level analyses with historical and qualitative approaches, to enrich understanding of innovation processes.
Integrating these insights from economic growth theory with applied Business Administration research promises to enhance both scientific rigor and managerial relevance, guiding organizations in navigating complex, innovation-driven economies.
کلیدواژهها [English]
Aghion, P., & Howitt, P. (1992). A model of growth through creative destruction. Econometrica, 60(2), 323–351.https://doi.org/10.2307/2951599
Aghion, P., Bloom, N., Blundell, R., Griffith, R., & Howitt, P. (2005). Competition and innovation: An inverted-U relationship. The Quarterly Journal of Economics, 120(2), 701–728. https://doi.org/10.1093/qje/120.2.701
Aghion, P., & Howitt, P. (2009). The economics of growth. Cambridge, MA: MIT Press.
Aghion, P., Akcigit, U., & Howitt, P. (2014). What do we learn from Schumpeterian growth theory?. In Handbook of economic growth (Vol. 2, pp. 515-563). Elsevier. https://doi.org/10.1016/B978-0-444-53540-5.00001-X
Howitt, P., & Aghion, P. (1998). Capital Accumulation and Innovation as Complementary Factors in Growth. Journal of Economic Growth, 3(2), 111-130. https://doi.org/10.1023/A:1009769717601
Howitt, P. (2000). Endogenous growth and cross-country income differences. American Economic Review, 90(4), 829–846. https://doi.org/10.1257/aer.90.4.829
Mokyr, J. (1990). The lever of riches: Technological creativity and economic progress. New York, NY: Oxford University Press.
Mokyr, J. (2002). The gifts of Athena: Historical origins of the knowledge economy. Princeton, NJ: Princeton University Press.
Mokyr, J. (2016). A culture of growth: The origins of the modern economy. Journal of Economic History, 76(4), 1091–1117. https://doi.org/10.1017/S0022050716000887
Nobel Prize Committee. (2025). Prize in Economic Sciences 2025 - Press Release. Royal Swedish Academy of Sciences.
National Bureau of Economic Research (NBER). (2025). Announcement: Philippe Aghion, Peter Howitt, and Joel Mokyr Awarded 2025 Nobel Prize.
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