In a significant recognition of scientific excellence, Barcelona awarded the IV Hipatia Prize to Nobel laureate Philippe Aghion this afternoon. The event, held at the historic Saló de Cent, was attended by Jordi Valls, the city’s Deputy Mayor for Economy, Housing, Finance, and Tourism, alongside Mònica Martínez-Bravo, the Minister of Social Rights and Inclusion. This accolade underscores Aghion’s pivotal role in advancing economic growth through innovation and knowledge.
Acknowledging groundbreaking theories
The Hipatia Prize jury made its decision shortly before Aghion received the prestigious Nobel Prize in Economics for 2025. He shares this honor with fellow economists Peter Howitt and Joel Mokyr for their contributions to Schumpeterian growth theory. This theory posits that sustainable economic progress stems not merely from capital accumulation but from continuous innovation. Central to their argument is the concept of “creative destruction,” where new innovations replace outdated technologies and business models, ultimately enhancing long-term productivity.
During his speech at the award ceremony, Valls emphasized that Aghion’s work illustrates how innovation is not neutral; it necessitates public direction and regulations to prevent social cohesion from deteriorating. He asserted that Barcelona advocates for a European and global perspective on artificial intelligence while adhering to strong principles centered on human dignity.
“Barcelona values technological humanism as a guiding principle in addressing challenges posed by artificial intelligence and innovation,” Valls stated.
He further argued that technology should not merely reflect the interests of those who fund or sponsor it but should serve humanity as a whole, ensuring no one is left behind in progress.
The Hipatia Prize (European Science Award Hipatia) is an initiative launched by the City Council of Barcelona in collaboration with Academia Europaea. It aims to recognize outstanding scientific achievements across Europe by honoring individuals who have made remarkable contributions to science and research. Established in 2018 as part of Barcelona’s scientific strategy, this award seeks to position the city as a leading European hub for science and knowledge while attracting top international scientific talent.
With a monetary value of €30,000, the prize highlights Barcelona’s commitment to fostering an environment conducive to scientific excellence. By celebrating figures like Aghion, who advocate for innovative approaches grounded in ethical considerations, Barcelona reinforces its dedication to integrating technology with social responsibility.
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