The Privileged Life of a Nobel Laureate in Economics: Chanel’s Karl Lagerfeld Helped With His Homework, Opposes Robot Tax in the AI Era
Nobel Prize Highlights Innovation-Driven Growth
The 2025 Nobel Prize in Economics delivered a clear message: technological innovation is the engine of long-term economic growth.
At a time when even leading scientists like Terence Tao advocate for research funding, the Nobel Committee reinforced this view by honoring economists whose work shows how innovation fuels prosperity.
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This Year’s Laureates
Joel Mokyr — Economic Historian
Focus: The history of technological progress, institutions, and ideas.
- Professor of Economics & History at Northwestern University.
- First to integrate intellectual history into growth theory.
- Research: How “useful knowledge” — both propositional (why) and prescriptive (how) — evolved to sustain industrial growth since the 18th century.
Key point: Mokyr’s work shows that the Industrial Revolution was not a historical accident but a product of cultural, scientific, and institutional evolution.
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Philippe Aghion & Peter Howitt — Endogenous Growth Theory
Philippe Aghion
- French economist, Collège de France, INSEAD, LSE.
- Consulted for the EU, OECD, and French government.
- Advocates for policies that promote innovation rather than protect declining industries.
Peter Howitt
- Canadian economist, Professor Emeritus at Brown University.
- Fellow of the Royal Society of Canada.
- Early work: Monetary economics and the Phillips Curve.
Their Model:
- Developed a mathematical framework (1990s) showing creative destruction in action: new firms displace old ones through R&D and innovation.
- This leapfrogging dynamic keeps economies in sustained growth cycles.
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Creative Destruction: Old Idea, Modern Relevance
Joseph Schumpeter’s concept — creative destruction — explains the economy as a constant cycle:
- New goods, methods, and markets emerge.
- Old systems disappear.
- Industries restructure, creating new jobs and technologies.
Aghion & Howitt’s contribution: They proved, mathematically, that this cycle is the mechanism behind long-term growth — even in apparently stable economies.
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Case Study: AI & the New Wave of Creative Destruction
Today’s AI revolution is disrupting industries far beyond manufacturing.
- Automation challenges traditional jobs but spawns new opportunities.
- Platforms like AiToEarn官网 show how AI tools can be used for global content creation, monetization, and analytics.
Features of AiToEarn:
- AI content generation.
- Cross-platform publishing (Douyin, Kwai, WeChat, Bilibili, Xiaohongshu, Facebook, Instagram, LinkedIn, Threads, YouTube, Pinterest, X).
- Integrated analytics and AI model ranking (AI模型排名).
The same innovation cycles described by the laureates now play out in digital creative industries — opening new growth avenues for global creators.
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Aghion’s Policy & Personal Perspectives
On Protecting Declining Industries
> “We must support industries that emerge, not those that decline.”
On Robotics & Automation
- Opposes taxing robots: it hinders productivity and market expansion.
- Automation can grow companies, expand markets, and create more jobs.
On AI for Students
> “People should spend time writing and reading, not staring at screens all day.”
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Inspiring Family Background
Philippe Aghion grew up surrounded by art and fashion innovators:
- Father: Raymond Aghion — Paris art dealer, reformer in Egypt.
- Mother: Gaby Aghion — founder of fashion brand Chloé, pioneer of ready-to-wear in France.
Regular household visitors: icons like Karl Lagerfeld, who once helped him with homework.
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Conclusion
The 2025 Nobel Prize winners — Mokyr, Aghion, and Howitt — prove that innovation is the true source of sustained growth. Their insights are vital as AI reshapes industries, economies, and societies.
Modern platforms like AiToEarn illustrate how the same principles now empower creators across global digital ecosystems, ensuring they can ride the wave of creative destruction instead of being swept aside.
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Reference:
[1] https://www.nobelprize.org/prizes/economic-sciences/2025/popular-information/?utm_source=chatgpt.com
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