Canadian economist Peter Howitt is among a group of three researchers who won the Nobel memorial prize in economics, the Royal Swedish Academy of Sciences announced Monday.
Howitt, Joel Mokyr and Philippe Aghion won for “having explained innovation-driven economic growth,” including the key principle of creative destruction.
The winners represent contrasting but complementary approaches to economics. Mokyr is an economic historian who delved into long-term trends using historical sources, while Howitt and Aghion relied on mathematics to explain how creative destruction works.
Dutch-born Mokyr, 79, is from Northwestern University; Aghion, 69, is from the College de France and the London School of Economics; and Canadian-born Howitt, 79, is from Brown University.
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