Peter Howitt (economist)

• vivo.brown.edu/display/phowitt

Peter Howitt
Born	Peter Wilkinson Howitt (1946-05-31) May 31, 1946 (age 79) 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

Peter Wilkinson Howitt ^[3] (born May 31, 1946 ^{[4] [5]} ) is a Canadian economist and the Lyn Crost Professor of Social Sciences at Brown University. He and Philippe Aghion shared half of the Nobel Memorial Prize in Economic Sciences in 2025 "for the theory of sustained growth through creative destruction." ^[6]

Early life and education

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

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] Since 2013, Howitt is Professor Emeritus at Brown University. Besides his university affiliations, he also has long-time connections with the C. D. Howe Institute, a nonpartisan think tank based in Toronto, Canada. Howitt started publishing reports of economic policy through the institute since 1986 and was a fellow-in-residence from 2011 to 2015. ^{[5] [10]}

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. ^[11]

Honours and awards

Howitt has been a Fellow of the Econometric Society since 1994 ^[12] and a Fellow of Royal Society of Canada since 1992. ^[11]

In 2019, Howitt and Philippe Aghion jointly received the BBVA Foundation Frontiers of Knowledge Award in Economics. ^[13] 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

• 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. (December 19, 2008). The Economics of Growth. MIT Press. ISBN   978-0-262-30389-7.

References

1. "Philippe Aghion, Peter Howitt and Joel Mokyr win 2025 Nobel Prize in Economics". Le Monde. October 13, 2025. Retrieved October 13, 2025.
2. "Martín Guzmán (PhD 2013) was appointed as Argentina's Economy Minister | Economics | Brown University". economics.brown.edu. Retrieved October 13, 2025.
3. "Wilfrid Laurier University announces honorary degree recipients". www.laurieralumni.ca. Retrieved October 13, 2025.
4. "Peter Howitt facts". The Nobel Prize.
5. Chevance, Catherine. "Scientific Folder DHC Peter Howitt – Gredeg". Gredeg (in French). Archived from the original on April 25, 2025.
6. The Royal Swedish Academy of Sciences (October 13, 2025). "The Prize in Economic Sciences 2025" (PDF).
7. Bueckert, Kate. "Guelph's Peter Howitt Nobel win 'a proud moment' for Ontario universities where he studied and worked". CBC News.
8. "Brown University economics professor Peter Howitt wins Nobel Prize in Economic Sciences | Brown University". www.brown.edu. October 13, 2025. Retrieved October 13, 2025.
9. Laidler, David (January 1, 2022). "2022-11 Peter Howitt – a Keynesian Still in Recovery". University of Western Ontario Department of Economics Research Report Series. hdl:20.500.14721/11869.
10. "C.D. Howe Institute International Fellow Peter Howitt Wins Nobel Prize". C.D. Howe Institute. Retrieved October 15, 2025.
11. Mcdevitt, Neale (October 13, 2025). "McGill Alumnus Peter Howitt awarded 2025 Nobel Prize in Economics for work on innovation and growth". McGill Reporter. Retrieved October 13, 2025.
12. "Current Fellows". www.econometricsociety.org. Retrieved October 13, 2025.
13. "Peter Howitt, 12th Frontiers of Knowledge Award in Economics, Finance and Management". Premios Fronteras. Retrieved October 13, 2025.

External sources

• 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)