The Mayor of Barcelona, Jaume Collboni, has awarded the VI Premi Hipàtia to economist Philippe Aghion, who received the Nobel Prize in Economics in 2025. The ceremony took place on June 15 at the Saló de Cent of the City Hall, where Aghion's global influence on contemporary economic policies was highlighted.
A reference in economics and growth
Aghion is known for his seminal works such as Endogenous Growth Theory (1998) and The Power of Creative Destruction (2021), which have been cited over 136,000 times. His work has been crucial in understanding the mechanisms of economic growth and its relationship with innovation. During the award presentation, Aghion delivered a lecture titled ‘Creative Destruction and the European Recovery’, where he discussed how creative dynamics can drive economic recovery in Europe.
The event also featured the presence of Deputy Mayor Jordi Valls, who emphasised the importance of recognising figures like Aghion who contribute to theoretical and practical development in economics. The Hipàtia Prize was created in 2018 as part of the Barcelona Science Plan, aimed at positioning the city as a hub of scientific knowledge and attracting international talent.
Since its inception, the Premi Hipàtia has sought to highlight Barcelona as a European capital of knowledge. This recognition not only honours Aghion for his academic contributions but also reinforces the city's commitment to science and research. The Barcelona City Council informed Aghion of his award shortly before his Nobel was officially announced, adding symbolic value to the local accolade.
As Barcelona continues to develop initiatives to promote knowledge and innovation, awards like the Hipàtia are essential for consolidating its international reputation. The collaboration between the City Council and academic entities such as the Barcelona Knowledge Hub demonstrates a joint effort to create a conducive environment for intellectual growth.
Over the years, Philippe Aghion has influenced various public policies around the world thanks to his theories on endogenous growth and competition. His innovative approach has guided governments and international organisations in their economic strategies. With more than two decades dedicated to the study of economic growth, his work remains relevant in the face of current challenges facing Europe.
Aghion has stated: “Creative destruction is essential to revitalise stagnant economies.”
Such recognitions not only celebrate individual achievements but also inspire future generations of economists and researchers to continue exploring new frontiers in their respective fields.
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