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Mokyr, Aghion and Howitt Win 2025 Nobel Economics Prize for Work on Innovation and Growth 

A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)
A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)
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Mokyr, Aghion and Howitt Win 2025 Nobel Economics Prize for Work on Innovation and Growth 

A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)
A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)

Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for "having explained innovation-driven economic growth", the Royal Swedish Academy of Sciences said on Monday.

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 11 million Swedish crowns ($1.2 million).

"The laureates have taught us that sustained growth cannot be taken for granted," the prize-awarding body said in a statement. Economic stagnation, not growth, has been the norm for most of human history. Their work shows that "we must be aware of, and counteract, threats to continued growth."

Mokyr is a professor at Northwestern University, in Evanston in the United States, while Aghion is professor at the College de France and INSEAD, in Paris, and at the London School of Economics and Political Science, in Britain.

Howitt is a professor at Brown University, in Providence in the United States.

Mokyr was awarded half the prize with the other half being shared between Aghion and Howitt.

"Joel Mokyr used historical observations to identify the factors necessary for sustained growth based on technological innovations," John Hassler, member of the Nobel Committee, said.

"Philippe Aghion and Peter Howitt produced a mathematical model of creative destruction, an endless process in which new and better products replace the old."

The awards for medicine, physics, chemistry, peace and literature were announced last week.

Those prizes were established in the will of Swedish dynamite inventor and businessman Alfred Nobel and have been handed out since 1901, with a few interruptions mostly due to the world wars.

The economics prize was established much later, being given out first in 1969 when it was won by Norway's Ragnar Frisch and Jan Tinbergen from the Netherlands for work in dynamic economic modelling. Tinbergen's brother Nikolaas also won a prize, taking home Medicine in 1973.

While few economists are household names, relatively well-known winners include former US Federal Reserve chairman Ben Bernanke, and Paul Krugman and Milton Friedman.

Last year's economics award went to US-based academics Simon Johnson, James Robinson and Daron Acemoglu for research that explored the relationship between colonization and the establishment of public institutions to explain why some countries have been mired in poverty for decades.

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ISS Crew Splashes Down on Earth After Medical Evacuation

FILE - This photo provided by NASA shows the Moon's shadow covering portions of Canada and the US during a total solar eclipse as seen from the International Space Station on Monday, Aug. 8, 2024. (NASA via AP, File)
FILE - This photo provided by NASA shows the Moon's shadow covering portions of Canada and the US during a total solar eclipse as seen from the International Space Station on Monday, Aug. 8, 2024. (NASA via AP, File)
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ISS Crew Splashes Down on Earth After Medical Evacuation

FILE - This photo provided by NASA shows the Moon's shadow covering portions of Canada and the US during a total solar eclipse as seen from the International Space Station on Monday, Aug. 8, 2024. (NASA via AP, File)
FILE - This photo provided by NASA shows the Moon's shadow covering portions of Canada and the US during a total solar eclipse as seen from the International Space Station on Monday, Aug. 8, 2024. (NASA via AP, File)

Four International Space Station (ISS) crewmembers splashed down in the Pacific Ocean early Thursday, video footage from NASA showed, after a medical issue prompted their mission to be cut short.

American astronauts Mike Fincke and Zena Cardman, Russian cosmonaut Oleg Platonov and Japan's Kimiya Yui landed off the coast of San Diego about 12:41 am (0841 GMT), marking the first-ever medical evacuation from the ISS.

Varieties

Lonely Tree in Wales Is an Instagram Star, but its Fate Is Inevitable

The Lonely Tree, often pictured submerged in water, was first planted in 2010. (Getty Images)
The Lonely Tree, often pictured submerged in water, was first planted in 2010. (Getty Images)
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Lonely Tree in Wales Is an Instagram Star, but its Fate Is Inevitable

The Lonely Tree, often pictured submerged in water, was first planted in 2010. (Getty Images)
The Lonely Tree, often pictured submerged in water, was first planted in 2010. (Getty Images)

It is one of Wales' most-loved beauty spots - but the time of the so-called Lonely Tree being an Instagram star could be slowly coming to an end.

The birch tree's striking setting at Llyn Padarn in Eryri, also known as Snowdonia, draws photographers to capture the sight through the seasons, according to BBC.

But the local authority Cyngor Gwynedd has raised the prospect of the tree, which was planted around 2010, disappearing within the next decade or so.

A lack of nutrients in the soil means birch trees have “a relatively short lifespan” in the area, typically living for around 30 years, but the fact that The Lonely Tree is sometimes submerged in water means its time could be even shorter.

Thousands of walkers and photographers make their way there each year and the tree has many social media sites dedicated to it, including one with 3,500 members on Facebook.

Marc Lock from Bangor, Gwynedd, said: “The Lonely Tree holds a special place in my heart and that of my family.”

He added: “Nestled down by the Lonely Tree, it's a perfect spot for us to sit, reflect and soak in the breath-taking scenery. We often go paddleboarding there in the summer months.”

However, Lock said the area really became his sanctuary after his wife bought him a camera for Christmas and he took up photography.

It was the place he headed to straight away, and he returns regularly at various times of the day and throughout the seasons.

“It's my go-to spot whenever I have some free time and my camera in hand,” he added. “I can't imagine what I would do if anything devastating happened to it like that at the Sycamore Gap tree at Hadrian's Wall. It's simply unthinkable.”

The Sycamore Gap was a much-loved landmark beside Hadrian's Wall in Northumberland that also drew hikers and photographers from far and wide.

It was more than 100 years old and had been the scene of many proposals, with people making the trip there from around the world.

But it was cut down by vandals in September 2023, causing uproar, with thousands of people leaving tributes and posting messages about their love for the beauty spot.

Two men were jailed for four years and three months after admitting the illegal felling.

While maybe not quite as famous as the Sycamore Gap was, The Lonely Tree is every bit as special to those that hold it dear to their heart.

Varieties

Four Signs You're Self-Sabotaging Your Joy

Threat or uncertainty can reduce cognitive regulation and increase avoidance behaviors. (Indiana University)
Threat or uncertainty can reduce cognitive regulation and increase avoidance behaviors. (Indiana University)
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Four Signs You're Self-Sabotaging Your Joy

Threat or uncertainty can reduce cognitive regulation and increase avoidance behaviors. (Indiana University)
Threat or uncertainty can reduce cognitive regulation and increase avoidance behaviors. (Indiana University)

Most of us, at some point in our lives, have stood in the way of our own growth.

We make progress on a project, start to feel hopeful about a relationship, or finally get on track with a goal, and then we do something that undermines it.

We fall into a procrastination spiral, pick a fight, or simply quit; in doing so, we talk ourselves out of something that could potentially bring us happiness.

There’s a name for this kind of behavior: self-sabotage.

Dr. Mark Travers, an American psychologist with degrees from Cornell University and the University of Colorado Boulder, wrote an essay at Psychology Today about four well-studied reasons why people sabotage good things, based on research in psychology.

Avoiding blame

According to Travers, one of the most consistently researched patterns in self-sabotage comes from what psychologists call self-handicapping.

He said this is a behavior in which people create obstacles to their own success so that if they fail, they can blame external factors instead of internal ability.

A prime example comes from classic research in which researchers observed students who procrastinated studying for an important test. The ones who failed mostly attributed it to a lack of preparation rather than a lack of organization or discipline.

Self-handicapping is not simply laziness or whimsy. Rather, it is a strategy people use to protect their self-worth in situations where they might perform “poorly” or where they might be perceived as inadequate.

Fear of failure or success

People often think of the fear of failure as the main emotional driver behind self-sabotage.

But research points to the fear of success as an equal, yet less-talked-about engine of the phenomenon. Both fears can push people to undermine opportunities that are actually aligned with their long-term goals.

He said people who worry that failure will confirm their negative self-beliefs are more likely to adopt defensive avoidance tactics, like procrastination or quitting early.

Fear of success, though less widely discussed, operates in a similar fashion. What motivates this fear is the anxiety that comes with the consequences of success.

So, self-sabotaging success can be a way to stay within a comfort zone where expectations are familiar, even if that zone is unsatisfying.

Negative self-beliefs

Self-sabotage is tightly intertwined with how people view themselves. When someone doubts their worth, their ability, or their right to be happy, they may unconsciously act in ways that confirm those negative self-views.

Psychological theories help explain this.

Self-discrepancy theory proposes that people experience emotional discomfort when their actual self does not match their ideal self. This mismatch can lead to negative emotions such as shame, anxiety, or depression.

Coping with stress and anxiety

Self-sabotage often emerges in moments of high stress or emotional threat. When people feel overwhelmed, anxious, or stretched thin, their nervous systems shift into protective modes. Instead of moving forward, they retreat, avoid, or defensively withdraw.

Threat or uncertainty can reduce cognitive regulation and increase avoidance behaviors. In situations of perceived threat, even if the threat is potential success or evaluation, people can default to behaviors that feel safer, even if they undermine long-term goals.