Peter Howitt, a Canadian economist, was awarded the 2025 Nobel Memorial Prize in Economic Sciences alongside Joel Mokyr and Philippe Aghion. The trio was recognized for their groundbreaking work on innovation-driven economic growth, particularly through the concept of “creative destruction”—the process by which new technologies replace outdated ones, driving economic growth and improving living standards.
Peter Howitt is a distinguished economist known for his contributions to new dynamics, monetary economics, and macroeconomics. He currently serves as the Lyn Crost Professor of Social Sciences at Brown University in Providence, Rhode Island.

Peter Howitt has been a Fellow of the Econometric Society since 1994 and a Fellow of the Royal Society of Canada since 1992. He also served as president of the Canadian Economics Association from 1993 to 1994 and was the editor of the Journal of Money, Credit, and Banking from 1997 to 2000.