Brown Professor Peter Howitt Shares Nobel Prize for Economics

Brown Professor Peter Howitt Shares Nobel Prize for Economics

Brown University’s Peter Howitt, along with Joel Mokyr and Philippe Aghion, won the 2025 Nobel economics prize for "having explained innovation-driven economic growth", the Royal Swedish Academy of Sciences announced on Monday.

 

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year.

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The award is worth 11 million Swedish crowns ($1.2 million).

 

According to Howitt’s bio:

He is Professor of Economics and the Lyn Crost Professor of Social Sciences at Brown University. He was on the faculty of the University of Western Ontario from 1972 to 1996 and the Ohio State University from 1996 to 2000. Most of his research has been in the area of macroeconomics and monetary economics. He is one of the creators of the modern "Schumpeterian" approach to the theory of economic growth. He has been active in the search for new foundations to macroeconomics and monetary theory, and has written extensively on the subject of Canadian monetary policy.