Who received the 1998 Nobel Prize in Economics?

Explanation

The Nobel Prize in Economics for the year 1998 was awarded to the Indian economist Prof. Amartya Sen. The Royal Swedish Academy of Sciences awarded him this prize for his contribution to Welfare Economics. Among his nearly 20 books, “Collective Choice and Social Welfare” (1970) and “Poverty and Famines” (1981) were the most discussed. In 2025, the Nobel Prize in Economics was awarded to Joel Mokyr (American–Israeli economist), Philippe Aghion (France), and Peter Howitt (Canada). Joel Mokyr, through his research, established how technological progress, under specific conditions, promotes sustained economic growth. Philippe Aghion and Peter Howitt developed the theory of “creative destruction” as a formal mathematical model