Peter Howitt (economist)
Peter Howitt | |
|---|---|
| Born | Peter Wilkinson Howitt May 31, 1946 Guelph, Ontario, Canada |
| Known for | endogenous growth theory creative destruction |
| Academic background | |
| Education | McGill University (BA) University of Western Ontario (MA) Northwestern University (PhD) |
| Thesis | Studies in the Theory of Monetary Dynamics (1973) |
| Doctoral advisor | Robert W. Clower |
| Academic work | |
| Discipline | New Dynamics, Monetary economics, Macroeconomics |
| School or tradition | Neo-Schumpeterian[1] |
| Institutions | University of Western Ontario Ohio State University Brown University |
| Doctoral students | Roger Farmer Martín Guzmán[2] |
| Awards | Nobel Prize in Economic Sciences (2025) |
Peter Wilkinson Howitt[3] (born May 31, 1946[4][5]) is a Canadian economist and Nobel Prize winner. He is currently the Lyn Crost Professor of Social Sciences at Brown University. Together with Joel Mokyr and Philippe Aghion, he won the Nobel Memorial Prize in Economic Sciences in 2025 "for the theory of sustained growth through creative destruction."[6]
Early life and education
[edit]Howitt was born in Guelph, Canada in 1946.[7]
Howitt received his BA in economics from McGill University in 1968.[8] Afterward, he gained a Master's in economics from the University of Western Ontario in 1969.[8] Howitt obtained his PhD in Economics from Northwestern University in 1973.[6] His doctoral advisor was Robert W. Clower.[9]
Academic career
[edit]Howitt returned to Canada after receiving his PhD and taught at University of Western Ontario from 1972 to 1996.[8] He became a faculty member at the Ohio State University in 1996 and joined Brown University in 2000, where he has remained since.[8]
He served as president of the Canadian Economics Association in 1993–1994 and was the editor of the Journal of Money, Credit, and Banking in the period 1997–2000.[10]
Honours and awards
[edit]Howitt is a Fellow of the Econometric Society since 1994[11] and a Fellow of Royal Society of Canada since 1992.[10]
In 2019, Howitt and Philippe Aghion jointly received the BBVA Foundation Frontiers of Knowledge Award in Economics.[12] Howitt and Aghion were jointly awarded half of the Nobel Memorial Prize in Economic Sciences in 2025 "for the theory of sustained growth through creative destruction”, the other half going to Joel Mokyr.[6]
Books
[edit]- Howitt, Peter (1990). The Keynesian Recovery and Other Essays. Philip Allan. ISBN 978-0-86003-081-2.
- Howitt, Peter, ed. (1996). The implications of knowledge-based growth for micro-economic policies. The Industry Canada research series. Calgary, Alberta: Univ. of Calgary Press. ISBN 978-1-895176-78-0.
- Howitt, Peter; Aghion, Philippe (1998). Endogenous growth theory. Cambridge, Massachusetts: MIT Press. ISBN 9780262011662.
- Howitt, Peter; De Antoni, Elisabetta; Leijonhufvud, Axel (1999). Money, markets and method: essays in honour of Robert W. Clower. Cheltenham Northampton (Mass.): E. Elgar. ISBN 978-1-85898-901-3.
- Aghion, Philippe; Howitt, Peter W. (2008-12-19). The Economics of Growth. MIT Press. ISBN 978-0-262-30389-7.
References
[edit]- ^ "Philippe Aghion, Peter Howitt and Joel Mokyr win 2025 Nobel Prize in Economics". Le Monde. 2025-10-13. Retrieved 2025-10-13.
- ^ "Martín Guzmán (PhD 2013) was appointed as Argentina's Economy Minister | Economics | Brown University". economics.brown.edu. Retrieved 2025-10-13.
- ^ "Wilfrid Laurier University announces honorary degree recipients". www.laurieralumni.ca. Retrieved 2025-10-13.
- ^ "Peter Howitt facts". The Nobel Prize.
- ^ Chevance, Catherine. "Scientific Folder DHC Peter Howitt - Gredeg". Gredeg (in French). Archived from the original on 2025-04-25.
- ^ a b c The Royal Swedish Academy of Sciences (13 October 2025). "The Prize in Economic Sciences 2025" (PDF).
- ^ Bueckert, Kate. "Guelph's Peter Howitt Nobel win 'a proud moment' for Ontario universities where he studied and worked". CBC News.
- ^ a b c d "Brown University economics professor Peter Howitt wins Nobel Prize in Economic Sciences | Brown University". www.brown.edu. 2025-10-13. Retrieved 2025-10-13.
- ^ Laidler, David (2022-01-01). "2022-11 Peter Howitt – a Keynesian Still in Recovery". University of Western Ontario Department of Economics Research Report Series. hdl:20.500.14721/11869.
- ^ a b Mcdevitt, Neale (2025-10-13). "McGill Alumnus Peter Howitt awarded 2025 Nobel Prize in Economics for work on innovation and growth". McGill Reporter. Retrieved 2025-10-13.
- ^ "Current Fellows". www.econometricsociety.org. Retrieved 2025-10-13.
- ^ "Peter Howitt, 12th Frontiers of Knowledge Award in Economics, Finance and Management". Premios Fronteras. Retrieved 2025-10-13.
External sources
[edit]- Peter Howitt on Nobelprize.org
- Innovation, Competition and Growth: A Schumpeterian Perspective on Canada's Economy
- Peter Howitt publications indexed by the Scopus bibliographic database. (subscription required)
- 1946 births
- 20th-century Canadian economists
- 21st-century Canadian economists
- Living people
- Canadian economists
- Fellows of the Econometric Society
- Fellows of the Royal Society of Canada
- McGill University alumni
- University of Western Ontario alumni
- Northwestern University alumni
- Brown University faculty
- Nobel laureates in Economics
- Canadian Nobel laureates
- Academic staff of the University of Western Ontario
- Ohio State University faculty
- People from Guelph