Canadian Peter Howitt among 3 Nobel winners in economics

Canadian economist Peter Howitt is among a group of three researchers who have won the Nobel Memorial Prize in Economics, the Royal Swedish Academy of Sciences announced on Monday.

Howitt, Joel Mokyr and Philip Aghion won for “explaining innovation-driven economic growth” by including the prominent theory of creative destruction.

The winners represent contrasting but complementary approaches to economics. Mokyr is an economic historian who studied 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 Collège de France and the London School of Economics; and Canadian-born Howitt, 79, from Brown University.

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