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Philippe Aghion
Economist

Philippe Aghion

Famoose for

Explaining economic growth through innovation and creative destruction.

Aghion–Howitt model · Competition and innovation

Born
17 August 1956
Birthplace
Paris

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Philippe Aghion

Philippe Aghion is a French economist who shared the 2025 economics Nobel prize for work on innovation-led growth.

Early life

Education

Studied mathematics in France and completed an economics doctorate at Harvard in 1987.

Career

  1. 1987

    MIT

    Began his academic career in the United States.

  2. 1990

    European development bank

    Became deputy chief economist at the EBRD.

  3. 1992

    Growth model

    Published a model with Peter Howitt linking innovation and growth.

  4. 2015

    Collège de France

    Took up a chair studying institutions, innovation and growth.

  5. 2025

    Nobel recognition

    Shared the economics prize with Peter Howitt and Joel Mokyr.

Selected work

Aghion–Howitt model

Explains sustained growth through innovations that replace older technologies.

Competition and innovation

Examined how institutions and market competition affect technological progress.

Beyond work

Family

His mother Gaby founded the fashion house Chloé; his father Raymond ran an art gallery.

Sources & photo creditBiography and career ↗Biographical references ↗Additional biographical or research source ↗

Original photograph. Cropped and displayed in monochrome.

Photo: File:Phillipe Aghion - The State of France (cropped).jpg: Center for the Study of Europe Boston University from Boston, USA derivative work: TeKaBe. CC BY-SA 2.0 · Original image. Cropped and displayed in monochrome.