It was a pleasure to follow the themes of the Nobel Prizes in Chemistry and Physics this year. We returned to the prerequisites for everyday chemical products that are important to everyone. In 2025, Kitagawa, Robson and Yaghi were awarded for their significant research into organometallic compounds. Organometallic compounds are also important for all life, such as hemoglobin and chlorophyll. Organometallic compounds have been central to the controlled production of polymers and plastics, as well as widely in technical chemistry. Fiber chemistry and textile dyeing and other treatments can also be included. Therefore, they can also play an important role in the recycling of materials. I myself wrote a BSc thesis in 1972 on the reactions of metals and hydrocarbons, from which oil-based polymers are created.
On the physics side, the prize winners Clarke, Devoret and Martinis have done significant research into the quantum phenomena of electromagnetic radiation. Quantized electron/light radiation with different materials enables semiconductor applications (IT technology) today and improved quantum computers tomorrow. These are often phenomena observed in basic research, for which it is not always known in advance what they could be used for and applications are found in innovative needs. Basic research is needed to study old technology, the environment, materials and nature and to initiate new innovation chains.
When science and technology-based innovations and entrepreneurship are used together with the right policy, an amplifying effect on economic growth is achieved. Among the winners of the Prize in Economic Sciences, Mokyr has studied the effects of technological development on economic growth. Aghion and Howitt have also utilized company and individual-level data instead of coarse macroeconomic data, which allows us to get at the detailed streams of company growth, which create the flow of economic growth.
