Philippe Aghion

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/philippe-aghion

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. When was Philippe Aghion born?August 17, 1956
2. Where was Philippe Aghion born?France
3. What is Philippe Aghion known for?The Aghion–Howitt model of endogenous growth, emphasizing innovation and creative destruction
4. What is the related topics?Endogenous growth theory, innovation economics, institutional economics, economic development, inequality
5. Who is Philippe Aghion?He is a French economist who studies how new ideas make countries richer. He won the Nobel Prize in Economics in 2025. He teaches at top universities.
6. What is the Aghion–Howitt model?It shows that growth comes from new inventions and research. It says that old products are replaced by better ones, which keeps the economy moving forward.

Endogenous Growth Theory: Economic theories that explain long-term economic growth as a result of internal factors like technological innovation and human capital.
Creative Destruction: The process by which new innovations and technologies displace older ones, leading to economic restructuring and progress.
Institutions: The formal and informal rules, norms, and organizations that shape economic and social behavior.
Intellectual Property Rights: Legal rights that protect creations of the mind, such as inventions and artistic works, encouraging innovation.